Studies have shown that when you use credit cards to make a purchase, you purchase approximately 167% more than if you used cash. Even when using a debit card or check, you will spend approximately 82% more simply because of the ease of purchase.

I’ll prove it to you. Next time you go to your local Target, Wal-Mart, Costco, grocery store, etc. bring a specific amount of cash with you for the items that you went to the store to purchase. When you are going to check out, how many additional items (impulse buying) would you have added to your cart? That’s right. None.

However, go back the next week or month using your credit, debit card or check book and see how many additional items you come out with.

If you find yourself making a lot of impulse purchases and feel like your spending is out of control, than begin shopping with cash only. This self-policing prevents or minimized the number of impulse purchase you make. You can even use that money to get out of debt quicker.

To learn more about your options and managing you debt, log onto www.debtreliefoptions.com.

Jon Noble
Staff writer
Debt Relief Options
asktheexperts@debtreliefoptions.com

This entry was posted on Wednesday, May 10th, 2006 at 6:04 pm by Jon Noble and is filed under Debt Relief. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.