Cash vs Credit Card Experiment Results – Review of Dave Ramsey No Credit Card Rule

Today I’m going to let you know our Cash vs Credit Card Experiment Results – Review of Dave Ramsey No Credit Card Rule.

Back on October 20, 2020 my husband Jomel and I decided to take a credit card vs cash Dave Ramsey experiment. (CLICK HERE for the details).

The results are shocking!

Jomel spent $216.72 with cash during our challenge. The month prior he spent $598.49 with his credit card!

Jomel spends 176% more with a credit card than with cash!!!

For our joint spending, we spent $431.90 with cash during our challenge. The month prior, we spend $759.44 with our credit card!!!

In our joint spending, we spend 76% more on joint expenses when use a credit card instead of cash.

I think it impacted my husband’s spending more than mine, and it’s a great way to help people realize where they are spending their money.

We decided to continue to only use cash for our shopping as it saves us so much money!

I highly recommend you take the challenge too.

I actually enjoy paying with cash.

I feel richer handing over the bills than a card.

Try it and tell us how you do in the comments below!