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!