Comments on: Do Credit Cards Increase Your Spending? http://amateurassetallocator.com/2010/02/25/do-credit-cards-increase-your-spending/ Amateur Asset Allocator Fri, 10 Feb 2012 18:16:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Alena http://amateurassetallocator.com/2010/02/25/do-credit-cards-increase-your-spending/comment-page-1/#comment-15793 Alena Sun, 19 Jun 2011 02:53:51 +0000 http://amateurassetallocator.com/?p=3863#comment-15793 Yes, I do believe that's true. Having a credit card just pushes us to keep spending(me at least). Yes, I do believe that’s true. Having a credit card just pushes us to keep spending(me at least).

]]> By: Jenna http://amateurassetallocator.com/2010/02/25/do-credit-cards-increase-your-spending/comment-page-1/#comment-7541 Jenna Thu, 04 Mar 2010 20:27:15 +0000 http://amateurassetallocator.com/?p=3863#comment-7541 There is evidence that shows consumers spend 18% more on average when using a credit card which more than negates the rewards earned on credit cards. Many are beginning to realize this and in response consumers are switching to debit. It is possible to find a debit account with comparable rewards on purchases without the increase in propensity to spend. Look for a debit card that offers you 1% cash back. If you`re interested, go to www.perkstreet.com to find out more about this. Jenna Walker PerkStreet Financial There is evidence that shows consumers spend 18% more on average when using a credit card which more than negates the rewards earned on credit cards. Many are beginning to realize this and in response consumers are switching to debit. It is possible to find a debit account with comparable rewards on purchases without the increase in propensity to spend.

Look for a debit card that offers you 1% cash back. If you`re interested, go to http://www.perkstreet.com to find out more about this.

Jenna Walker
PerkStreet Financial

]]> By: Joe Morgan http://amateurassetallocator.com/2010/02/25/do-credit-cards-increase-your-spending/comment-page-1/#comment-7433 Joe Morgan Thu, 25 Feb 2010 21:17:52 +0000 http://amateurassetallocator.com/?p=3863#comment-7433 I find repeating the mantra "credit is cash" helps shatter the wealth effect and remind me that I really only have what I have in my bank account available to me at that moment, and anything else is only a potential of the future. ;-) I find repeating the mantra “credit is cash” helps shatter the wealth effect and remind me that I really only have what I have in my bank account available to me at that moment, and anything else is only a potential of the future. ;-)

]]> By: K at Greenshield http://amateurassetallocator.com/2010/02/25/do-credit-cards-increase-your-spending/comment-page-1/#comment-7428 K at Greenshield Thu, 25 Feb 2010 15:44:34 +0000 http://amateurassetallocator.com/?p=3863#comment-7428 Interesting topic. I've always personally found the opposite, that when I have more cash in my wallet I tend to spend more. It's easier to run out and grab something on impulse. I would suspect that this is different for each person, however. Interesting topic. I’ve always personally found the opposite, that when I have more cash in my wallet I tend to spend more. It’s easier to run out and grab something on impulse. I would suspect that this is different for each person, however.

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