Cash or Card?

I’ve seen some pretty dumb ways people spend their monies…

But BY FAR the dumbest way I’ve seen people irresponsibly spend their monies (time and time again) is using their credit cards all for….

*drum roll please*

POINTS. 

Almost everyone on Financial Audit is not a credit card person. 

And I always get the same reply:

“bUt I wAnT tO gEt My PoInTs”

Hear that? That’s DEATH TALKING. 

Honey, your points aren’t gonna balance out your dumb financial decisions. If you lose a single dollar in interest, you’re NOT A CREDIT CARD PERSON. 

And that’s FINE. Most people aren’t. 

The main reason why is that when you use a credit card, you take on risk (seen as debt). And most people don’t know how to manage their risk correctly. 

By putting your purchases on a card, you’re at risk of:

• Paying interest (derp)

• Overspending (mega derp)

• Forgetting about it (king derp)

• Spending money you don’t have (MASSIVE DERP)

All in the name of points.

Because you’re “taking advantage of credit.”

Nooo, no, no… credit is taking advantage of you.

Credit is promising you a nice candlelit steak dinner, some gourmet ice cream for dessert, and a walk to see the stars…

While in reality, credit’s bending you over without asking your name. 

As a non-credit-card person, you should be paying with debit/cash. 

That way:

✅ You don’t overspend past your budget

✅ You’re not paying interest on borrowed money

✅ You’re not digging your grave towards DEATTTHH

✅ You’re not spending money you DON’T HAVE

Plus, your debit card has this cool revolutionary feature that when it doesn’t have any monies in it… it declines! 😀 This is to prevent you (and other dumba**es) from spending monies you don’t have! 

Isn’t that awesome!? 

Same thing goes for your wallet. When you don’t have any money, your wallet becomes super thin and the cash inside disappears! 

I know I sound like your grandpa who still has a pocket full of change and cuts out coupons, but cash is great. Use cash. 

In fact, I double-dog dare you to only use cash/your debit card this week. 

If you don’t, you’ll have to donate a gazillion dollars to the Caleb Hammer Foundation (which directly goes to help those in need who are named “Caleb Hammer”).

If you do, then I’ll give you a digital, bite-sized cookie. 🍪

Seriously though. Try using cash-only for all your purchases this week and see how well you can do. 

If you want to push the limit, try doing it for a month straight. 

It’ll help you see how much you’re spending and make you THINK about what you’re buying. 

Taquitos,

Caleb Hammer