If you're shopping away on Black Friday and Cyber Monday, it would be a good guess that you'll pay for most of the purchases with a credit card. The usual psychology of paying with a credit card is that people may pay less attention to prices when paying by credit than when they are paying by cash. Furthermore, we are less likely to remember and keep track of amounts we spend when paying with a credit card than when we pay for things with cash.
Benefits of cash purchases If you took on an experiment to pay for everything with cash for a week, it will be easy to experience the difference it makes. We tend to weigh the necessity of a purchase much more with cash than when we pay with credit. And if you start this simple experiment now in the thick of holiday spending, it can force you to rethink your holiday shopping strategy! It must be something about parting with dollar bills that makes spending more painful than swiping a credit card! Don’t you agree? Making a list and keeping it simple If you haven’t quite started on holiday shopping (or even if you have), remember that gifting beyond the necessary during the holiday season is not worth the added debt and stress. Be very cautious and logical with gift giving and stay very much within your means. A recently publicized book called Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy explores how we have become a nation of materialism and bad spending habits. Paying for holiday purchases A survey conducted by the National Retail Foundation demonstrates that holiday shoppers intend to buy with cash this year and cut credit card buying by 10.2 percent from last year. It’s too soon to know what actually happens but the truth is that spending cash for gifts does result in spending less. If you didn’t budget for the holidays in advance, think of doing so next year. You could budget for holiday season by loading a decided amount on to your prepaid debit card each month. By the time the holidays arrive, you can enjoy the financial freedom you created by using your prepaid debit card for holiday purchases and not worrying about creating further debt!
Bitterly cold air with origins from northern Siberia will race across Alaska into early next week.
Skiers and snowboarders planning to hit the slopes during the Thanksgiving holiday weekend will want to give thanks to Mother Nature.
Areas ravaged by former Typhoon Damrey brace for another tropical hit that could slow recovery efforts across the country.
While chilly weather is predicted at times during the first few days, an overall pleasant weekend is in store for most locations.
While you’re bundled up at home as the temperatures dance around the freezing point outside, there are a number of delicious and healthy foods and drinks that can contribute to your body’s warmth.
Intense storms pummeled Greece this week while thousands are facing life-threatening cold after a powerful earthquake on the Iran-Iraq border left them displaced.
More municipalities are using organic brines, food-based treatments or high-tech plows and pavement to lower costs and limit environmental impacts.
A brief shot of cold air and biting winds will force residents of the midwestern and northeastern United States to bundle up this weekend.