3Sep/111
Living a Credit-Free Lifestyle
One of the major effects of the current economic downturn is that many people are putting their credit cards away and only using cash to make all their daily purchases. I know that the American population has a long way to go before it will totally accept such a radical premise as a cash-only existence. But the situation we now find ourselves in may make it the better way to live day-by-day, at least at the personal level. But with the recent changes in the credit card industry and the increase in interest rates, more and more consumers are now using cash (and that includes debit cards) to make their important daily purchases.