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Is Cash Still King Dollarsandsensemoneytips

24 October, 2015



While recently making a purchase at a local major retailer, I found myself a little discombobulated to find that half of the self teller machines had signs on them that said “no cash, credit card only.” I was shocked. I remember not too long ago, the express lanes at local grocery stores read cash only. Are we parting with cash or do the retailers know something we don’t?
I pulled up some numbers so I could have my facts straight, but research shows you will spend 12-18% more money when using plastic instead of cash. In it’s own study, McDonalds found when they started accepting credit card purchases, the average purchase went from $4.50 up to $7.00. That is incredible!
I am here to say that cash still is king. You will keep more of your hard earned money when you use cash and it is still a very powerful negotiating tool when you wave around a fan of Benjamin Franklins. (Try it, I dare you)
Have a plan, because retailers do.

If you need help putting a plan together, shoot me an email to set up an appointment – tim_parady@yahoo.com

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About

timparady

My name is Tim Parady and I am 36 years old. I was born in Connecticut, raised in Virginia, had a brief layover in Kansas which led me to Texas where I met my wife and best friend. We just celebrated 145years of marriage.
I have the best job in the world, which is to improve peoples lives. I teach people how to win in all areas of there money, which affects all areas of their lives.
78% of Americans live paycheck to paycheck, with no money in the bank and little knowledge of how to invest for their retirement. You can have a different future. You can win with money and I can show you how.
I am an independent Dave Ramsey Financial Coach,and Insurance Agent at Alkali Insurance and I am here to serve you. My goal is to provide knowledge and tools to change your life. To schedule an appointment to address your financial needs and goals, email me at tim_parady@yahoo.com



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