Most of the time when I purchase something, I use my debit card. I very rarely carry cash, as it's not convenient to go to the ATM or band to withdraw cash. Do you know anyone else like this?
When my debit card comes out, so does my "Check Card Register" courtesy of the lovely Bank of America. When that "Check Card Register" gets full of entries, I have to go to the BOA to request a new one.
Often, when I request a new one, the bank employees have a hard time finding one.
Each time I pull out my debit card register, I write the amount of the purchase down and subtract it from the money in my account. It seems simple, but most of the time when I'm doing this I feel RUSHED. There are people behind me waiting, and I have to move along.
Growing up, my mom always balanced her check book when using a form other than cash at the store. So did everyone else I saw. Nowadays, it's a rarity.
There are many factors that contribute to my perceived "being set up for financial failure." But the speed and ease of transactions is something small that I feel like really contributes. Doing things quickly and easily can take the thought out of an action--making money and purchases seem less concrete than they are.
Also, what about checks? I rarely write checks anymore. While everything is automated and it's wonderful, it still takes time and thought to write a check. Even wish cash you have to handle it and count it out. It's more thought provoking than sliding a card.
And credit cards! Think of those! I have one, I make meaningless purchases on it. I'm guilty. What if credit cards came with little registers to add up the balance? Awesome. I'm going to borrow one of the BOA ones I got to start doing this. Awareness of what I'm charging will hopefully help.
So, friends, what do you think? Do you balance your checkbook? Use a debit card? Cash? Credit card? Checks all the time? How does it affect your spending?
(Photo: My debit card register. Never mind all the money I spent at Sureshot : )