Thursday, January 15, 2009

Your Preferred Method of Payment

Cash or Debit?

I hardly ever carry cash.

I am the one using my debit card for all the small purchases.

It doesn't matter if my purchase is $1.99 or $60, I use my debit card.

I remember the first time I received my debit card and I thought it was so convenient.

I still think that my debit card is convenient.

That is until, I go to record ALL of my receipts in my checkbook register.

And when I go to balance my checkbook at the end of each month.

It is at those moments that I wonder why I don't just go to the bank and get cash.

That sure would cut down on all of my receipt recording.

But when I carry cash, I find that I can't remember where it has gone so quickly.

I begin to worry that I have somehow misplaced it.

I really like the idea of carrying cash, but my debit card sure is convenient.

That is until I have to record ALL of my purchases!


Joy said...

You're obviously not on the Dave Ramsey plan-HA!HA!

Sunny said...

Yeah, we have our budget, we just don't have the envelopes. :)

Stacy said...

We use our debit card for everything too--big or small. We don't write down anything anywhere--So keeping a register is no problem for me!!!

If I have cash, I for sure use it! One thing about using a debit card is that it keeps me from little unnecessary trips to places like Wendy's for a Frosty or McD's for some fries b/c Jon always checks our acct on the computer and wonders why I need to stop there... :)

chesley said...

I'm with ya sista! Over Christmas my wallet got so full of receipts that I took them out & put them in an envelope until I had time to record them. In the process of carrying them around w/me until I had time to write them ALL down, I lost them!!! I was so mad to say the least! Every time I write down receipts I vow to write them as I go, but you should see my stack right now. I'm pretty sure it's been at least 2 weeks since I've written anything!

Jeremy said...

Well, with the chance of sounding like a dork (well I am actually, but I digress...) for $99 you could buy the basic version of QuickBooks (not Quicken, but made by same company) that will allow you to download all your transactions from your bank using the Online Banking setup. This would allow you download them each day (week or how ever often you want to do it) and add them to your check register inside QuickBooks, plus categorize your expenses so you could see where you were spending your money.

I'm actually really ashamed I am going to post this.