Is Cash Still King?

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 –


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

Tagged with: , , , , , ,
Posted in Budget, cash, credit card, Debt, Money, Money Tips
3 comments on “Is Cash Still King?
  1. directorb says:

    Reblogged this on Director B – Life Outside the Box and commented:
    Need help with your finances? This blog is great help.

  2. candylew says:

    While I often get mocked for my dedication to cash versus credit, it is easier to control my spending. And I refuse to change to suit the retails — or the mockers!

  3. […] There are also some staggering statistics about credit card vs. cash spending habits. I won’t repeat those here, but if you are curious, check out this post […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 413 other followers

Follow dollarsandsensemoneytips on

Get every new post delivered to your Inbox.

Join 413 other followers

%d bloggers like this: