Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one.
Retailers like Wal-Mart Stores Inc., Target Corp. and J.C. Penney Co. are noticing a marked shift away from credit cards in favor of cash and debit cards. A big factor is less credit available as major card issuers cut spending limits and raise fees even for customers who pay their bills on time.
The shift ends Americans' long love affair with credit cards and is one of the changes in consumer behavior that has emerged since the financial meltdown that could depress consumer spending this holiday season and affect shoppers' habits long afterward.
I still use credit cards, but I have the bill taken out automatically from my checking account.
Are you still using your credit cards? If not, is using cash or debit cards made any difference in the way that you are spending?[/b][/color]
I pay cash for almost everything. If I don't have the cash, I can't afford it.
I live on my debit card.
for anything over $20, out comes the debit card.
but i still use cash for smaller purchases.
somehow it doesn't seem right to pay for a soda that way...