Saturday, June 3, 2017


It is amazing to me the number of people who do not fully comprehend what a ‘cash only’ lifestyle is. For them the relation between getting debt free and using a credit card are insignificant, thus not using a credit card and only buying what you have cash on hand to obtain is not a real concept.

So many people have grown accustomed to ‘putting it on the card’ that they don’t realize that they are actually increasing the amount of debt they have. Others’ think it is OK because they can afford the payments. Debt is debt and the accumulation of debt by using a credit card is not living a ‘cash only’ lifestyle.

If you have a credit card you have a contract with a company to use their money to pay for what you want. If you don’t give them the money you used back, they can take as much of your money as the court will allow- the amount owed, legal fees and miscellaneous expenses. Another way of looking at it is: when you use a credit card you are authorizing someone else to take more of your money than you spent.

The purpose of living a cash free lifestyle is to avoid the accumulation of more debt and become debt free. Even if you pay the credit card bill right away you still have accumulated debt, it is a short term loan from a stranger. As long as you are using other people’s money to get what you want or need you are accumulating debt.

It is a matter of perspective. Far to often I speak with people who have a desire to be debt free but still use their credit card. “I will just put it on my card” is a common mantra, they don’t see the relation between debt and charging an expense. Why? Because people do not want to do without the least amount of convenience.

It is hard to not be able to get something as inexpensive as a hamburger from the value menu at a fast food place when you have the ability to put it ‘on your card’. It requires a conscious effort and time to plan and cook meals. It is more cost effective to eat leftovers for lunch but more convenient to buy those 99 cent chicken nuggets.

Everything is cumulative. When you are twenty and you don’t want to be in debt at the age of 50 you believe you have time to get financially serious.  But when you are 50 wanting to retire by 65 debt becomes a major factor in how you live life. Between the age of 20 and 50, 30 years, you told yourself: “I will just put it on my card” and now you cannot figure out how to live without it.

Yes, it is hard to live a cash only life but it is possible. Those of us who have a cash only lifestyle are very good at evaluating what is needed and saving money to do so. The one thing I have learned is: there are somethings I really don’t want because it is not worth me spending my hard earned cash for.

NETTIEOLOGY A compilation of ideas, opinions, beliefs and activities of Nettie a pseudo-fictional character created by Marsha L F Randolph. The author, Marsha L F Randolph maintains all rights associated with copyright laws; do not use post / articles without the permission of the author Marsha L F Randolph. All quotes should cite Marsha L F Randolph as the author.
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