Pay Cash, Save Money

Financial gurus often tout the money saving aspect of paying cash. With cash, if you don’t have it you don’t spend it, unlike with credit cards. But there is a lesser known aspect of paying cash that will save you money in the long run. Paying cash, especially at local mom-and-pop stores will help to keep prices low.

I have a friend who runs a successful but small shop in my town. She accepts credit cards, but only reluctantly.

“So many people want to pay that way that I had to start taking them. But I didn’t want to, because of the cost. Unfortunately, taking credit cards means that my overall cost of doing business goes up, which means I have to charge more for my p

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2 Responses to Pay Cash, Save Money

  1. pen says:

    large retailers have accounted for the credit card fees, and end up saving money on insurance for handling less cash that can easily be stolen. so it makes sense for larger chains to take cards. small business does pay the price for it. many small stores are cash only with an atm right in the store.

  2. chris says:

    That sounds like a good idea, however, I have been paying with credit cards since the the 80′s. I can’t see carry around cash to pay for everything as a result.

    It is just so much more convenient to use the card. Unfortunately, I am afraid that the cards are here to stay and people will be willing to pay more for the ease of use…

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