The rule that I like to use is if it's $10 or $20, pay cash for it. If you can eat it or drink it, pay cash for it. And the best example of that is reported in the Wall Street Journal. When McDonald's started to allow people to use credit cards instead of paying cash, the average sale went from $4.75 to $7. Need I say more?
Saturday, March 31, 2007
Quote of the Day: Judge Gung-Ho
While trying to tag my old posts (something I've been putting off for a while), I came across an old post on Judge Gung-Ho, a bankcruptcy court judge and anti-credit card advocate. The post I liked then really struck a chord, and so I chose to post it as today's Quote of the Day: