I hired a company to come to my house every other Saturday to cut my front and back yard for $25. Some might say, why don’t you just cut the yard yourself. Truth is I could but I think my time is valuable and I spend my weekend with my wife which is more valuable to me then spending hours outside cutting the yard. Needless to say that the last time the company came to cut my yard I didn’t have the right amount of cash I needed cash back. Four Hispanic men cut my yard and when I went to pay them, they all offered to give me cash back. I told my wife about the situation and I got to thinking, its dangerous to be carrying around cash. I used to think that but now I think its even more dangerous not to carry cash and only pay via debit card.
I went to the Dave Ramsey Live event here is Dallas, TX and Dave says that its harder to spend cash rather than plastic. The reason is because of the emotional connection that we have with money. Don’t believe me, make your next big purchase with cash and see how it feels to let go of Benjamin Franklin. Americans went from Cash to Check to Plastic cards. It’s amazing how fast our currency is changing but also the way we think about money is changing. I noticed that Hispanics do pay with cash and the only problem with that is that Hispanics spend their money because they have it at their fingertips. I think America should go back to the days when grandpa used to pay with cash but was frugal enough to save for their children. -Debt Free Hispanic
