I completed the Dave Ramsey class last year and to date we are still credit card FREE! I am so glad for that. We are well on our way to paying off the car and we are building our emergency fund. We still have a way to go but slow and steady will win this race. I have been using Dave's envelope system now for a year and it does make you think before you whip out that cash for an item. You feel that money going out of your wallet rather than that swipe of the debit card or credit card.
With all of the identity theft and stolen credit card numbers, what more reason do you need to use cash. Even if you just use cash for eating out, you are taking your credit card or debit card out of extra hands and eyes. The more people that have access to your pertinent information the more likely that it will get taken and used by someone other than you. Try using cash in one or two areas of your life and that will reduce some of your risk. In my opinion, eating out is one of the easiest ways to cut back on debit and credit card use. I feel sure I have posted about this before but it needs to be repeated. One of the couples in our class said that their credit card number was stolen while they were on vacation. They were able to track it to their waiter at one of the restaurants they had visited. When the police tracked him down he had a notebook with many other credit and debit card numbers written down that he had stolen. That was my wake up call. What will your wake up call be?
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