Originally posted by Phage
reply to post by Iwinder
It is much easier on the brain to swipe plastic compared to actually taking out the $15.00 you busted your ass for cutting grass in hot weather....Maybe. Taking $15 out of my pocket never slowed me down as a kid but thinking about what was (or wasn't) going to be in my pocket next week did. I don't see the difference if you know the card isn't a money tree or if you're using cash.
As I said earlier it is an obvious training tool for later in life when you graduate to the "real plastic"
The psychology of paper money versus a piece of plastic is quite obvious in my opinion and here is a real example.
Three years ago we purchased a newer but used truck, the price was around 22k and after getting the numbers crunched we took 15 k out of our stash with us and financed the rest.
I tell you it is quite alarming when you hand over 3 stacks of 100's at 50 per stack knowing you earned it and not charging it.
We could have charged the whole purchase and not felt the pain that we did seeing all those hundreds being fondled by the dealerships dirty hands.
I hope I am making my point clear although many people would argue with me and maybe rightly so.
I can't understand why anyone in this economic climate would encourage the use of plastic be it pre paid or pay your ass later method.
One last time.......this is training for future credit card junkies and we all know what credit is......
Read any financial papers lately?
The number one rule is destroy all plastic and use cash.......
Cash hurts and plastic does not hurt until you get the bill.
edit on 2-3-2013 by Iwinder because: (no reason given)