FMOOD 0087: Feeling Freedom by Paying Cash - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.

from 2017-03-13T06:00

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There is a certain freedom that comes along when we pay with cash. For one, we know right away that we don't have to pay later like we would if we were to use a credit card. We also know that we don't need to update our checkbook or budget line item like we would if we use a debt card. We know that once we exchange the cash for whatever product or service that we are purchasing, we are absolutely finished with the transaction; there are no further steps required.

 

There's no doubt that there is some sort of emotional trigger when we use cash. We may feel a sense of loss at first, mostly because we know that the amount of cash that we originally had has been diminished. However, shortly afterwards, we experience a sense of freedom. Most of us who decide to use cash will also take additional time to consider the decision to purchase; we may not do so if we are swiping plastic, whether that is using a credit card or a debit card. There is something in our psyche that feels the cash transaction which does not directly translate to using a credit card, debit card, or even our checkbook! This emotional trigger helps to keep us in line; we are less likely to spend more when we are only using cash when compared with any other form of payment. In most cases, that's a good thing.

 

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