43% of Americans cut out cash for a week
(MONEY Magazine) -- Are cash payments becoming a thing of the past?
Money never goes out of style, but the paper version seems to have lost some appeal: Able to buy stuff with debit cards, credit cards, and even mobile phones, two in five adults have gone cashless for an entire week, according to a recent survey by Rasmussen Reports.
While plastic is convenient, it's also a threat to thrift: A 2011 study found that people paying with cash think more about a purchase's costs; those using credit dwell more on the benefits -- and are primed to pay more.
MAKE IT PAY
Using cash? Ask for a discount. Changes to Visa and MasterCard rules in 2010 permit merchants to cut prices for customers bearing legal tender.
Mom-and-pop shops might knock 2% to 3% off your bill, says SmartCredit.com CEO John Ulzheimer.
Using plastic? Put off buying unplanned purchases a few days, says Connecticut College psychology professor Stuart Vyse.
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
Carlos Rodriguez is trying to rid himself of $15,000 in credit card debt, while paying his mortgage and saving for his son's college education.
Susan Carson and Laura DeLallo make $225,000 and have half a million in retirement savings, but their sprawling portfolios is proving hard to manage.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.63%||3.68%|
|15 yr fixed||2.76%||2.79%|
|30 yr refi||3.66%||3.72%|
|15 yr refi||2.79%||2.82%|
Today's featured rates: