savings

5 ways to beat the payroll tax increase

Stop using your credit or debit card
Stop using your credit or debit card © Designpro Studio/Shutterstock.com

On average, people who use cash rather than plastic spend about 20 percent less, says Gail Cunningham, spokeswoman for the Washington, D.C.-based National Foundation for Credit Counseling. That's why ditching your credit card or debit card can be a good way to automatically spend less.

Rather than swiping a credit card or debit card when you want to purchase something, carry cash with you at all times, says Mark Mersman, chief marketing officer for USA Financial in Ada, Mich., and co-host of the "USA Financial Headquarters Show." When you pay for everything with cash, it can be more painful to part with your money, or at least make you think twice before making a purchase.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Duped by 1970s bond scam?

Dear Dr. Don, Back in 1976, there was a chain letter scam involving savings bonds. I got caught up in it. You could buy a bond for the person at the top of the list and you were then supposed to receive many more in return.... Read more

advertisement
Partner Center
advertisement

Connect with us