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DailyDish - Pay Cash or Don't Buy It

Filed under: Work Life, Holidays

This holiday season, set a budget and stick to it by paying cash instead of racking up debt using credit.

One hundred dollar bills

Using a credit card or even opening an account with a store in order to save 10% can seem appealing, especially during the holidays when there are so many gifts to buy. Getting the bill in the following months isn't, not to mention that if it's not paid in full the interest on the card is generally more than the savings from the sale. Paying in cash forces you to use only what you have, but it'll save you heartache in the long run.

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Start by teaching him that it is safe to do so.