Thursday, August 26, 2010
Day Thirty-One
The psychology of cash is a very interesting phenomenon, unless it's just something that is fundamental and I didn't know about it. You see, when I have cash in hand it's very difficult to part with it. When I have an ATM card or credit card it seems much easier especially in the case of the ATM card - you're not actually racking up debt with it's use as it comes directly from the checking account. But if faced with buying something and having to use cash, it seems quite a process for me to actually decide to part with the cash. If faced with buying that same thing ATM card in hand, it's a no brainer. I have decided to make most of my purchases using cash from now on. It's not really something new to me. When I had my own business, I used cash exclusively, especially for groceries. Like I said, there's something psychologically powerful about having cold hard cash in your possession, and the more I have, the more I want. Consequently, the spending is tremendously curtailed. It's actually become quite fun. I don't even go to the store as much because my cash is too precious (now I know how Golem must have felt about the Ring). Considering the state of our economy and everyone's wallets, maybe it would be a good idea for more people to try it. Right now, I have $90 in my purse and I'm hoping to introduce it to some friends real soon.
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