Cash or Charge?

November 24, 2008 – 12:22 am – No Comment

I read an article over at Yahoo today that said more people are using old fashioned cash instead of credit cards for everyday purchases. In my opinion, maybe some people should carry cash to keep them from spending more than they wanted to, maxing out credit cards, or even getting some harsh overdraft fees from the bank…

At the same time, I don’t carry cash, I can’t carry cash. When I have any cash on me (more than $20) I don’t feel safe. And if someone were to take my cash from me, there is no way to get it back…there is no protection associated with cash, unlike credit cards or most Visa or MasterCard backed debit cards, which can get your money back if your card is stolen or a charge shows up that can be disputed.

If you are going to be using cash for now, be careful, because there are stories coming out about how customers aren’t using cards anymore and I’m sure this will lead to some unsavory behavior by some members of society.