Quote:
Originally Posted by noppenbd
When a family goes into a restaurant with $40 in their pocket and no credit cards, you don't think they are a little more conscious about which items they get? How about going to the grocery store with $40? Sure, they are giving up 40-60 cents in rewards, but they know they are not going to spend $41 or $42 or $49. It may seem old-fashioned or severe to limit yourself this way, but the fact is, if you are like the OP, this is exactly what the situation dictates. Credit card reward points are a nice extra, but they are not going to solve the OP's situation.
The fact is, Dunn & Bradstreet did a study and found people spend 12-18% more when using credit cards than when using cash. McDonald's found that the average transaction rose from $4.50 to $7.00 when customers used credit cards over cash. On a case by case basis it is not always true, but on the whole there is a differential.
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I hear these facts on Dave Ramsey's radio show, I have no reason to doubt them. Using credit cards for any reason takes much discipline. I'm in that in between stage of being DR fanatic and CC savy, so I only use them on a very limited bases.