7 Good Reasons Why You Should Say NO to Credit

Photo by kenishirotie from Envato Elements

5. Financing leads to more spending

Sadly, the vast majority of us tend to spend more money when purchasing unnecessary or way too expensive items with a credit. This is 100 percent psychological. Why? Because when we buy a $1,000 laptop or smartphone it doesn’t seem like a life change if we just sign a receipt for it.

Plus, you can physically feel the bills leaving your hand if you pay with cash, giving you a better sense of how much those things cost and how much money you have left in your wallet. So, is it worth buying a new iPhone every time? We don’t think so—it is an expense you don’t need.

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