Stealth Wealth Are you under the radar?

The second chracteristic of a person accumulating wealth is…

“Pay with cash”

Paying with cash is in my opion the easiest way to save money. I try not to keep alot of cash on me so I can’t spend it. I do have a credit card and a debit card, but I try avoid using them unless I see something I must have such as new tires for my jeep or something else along that line. I don’t see any reason using a debit card to pay for food at wendy’s or mcdonald’s. Sure it’s only $3-$5, but doing that every night while in college ended up costing too much when I would review my budget at the end of the week. Needless to say, I started buying hot dogs in bulk along with sandwich meat. My point is that keeping cash in your wallet or purse is easier to spend on petty items than having it in your bank account.

Since we’re talking about paying with cash lets talk about bigger items such as your car. Try to save up to buy a car paying cash. If you can’t afford that $40,000 beemer, then maybe you should settle for a honda, which in my opinion is almost as good.

Just remember that by using cash your less likely to purchase frivolous purchase or an impulse buy if you dont have enough cash or have to have the cash later for food or another need.