Consumers will make better spending decisions if they have a goal.
Los Angeles-Long Beach, CA (PRWEB) February 04, 2014
Debt Consolidation USA asked an important question in an article they published last January 29. The article titled “Are Americans Smart Spenders? Study Reveals Their Payment Choice” revealed that Americans prefer to use plastic cards when making purchases.
According to the data the article gathered, consumers prefer to use debit cards, to be followed by cash and then credit cards. The article interpreted this as better purchasing behavior because it shows that people prefer security for their money. It is proof of how much the American consumer have changed after the recession. It seems consumers prefer debit to keep themselves from debt and at the same time, protect their cash from being stolen easily.
This change in mindset means the consumer realizes how much credit cards have put them in debt in the past but they also recognize the protection that cards have over their money. Debit cards are a great way to deal with these concerns and apparently, the average consumer knows about this.
Debt Consolidation USA also included in the article some tips on how they can improve their spending habits.
One of the tips is to create a goal. The article mentioned that consumers will make better spending decisions if they have a goal. It helps to harmonize their spending choices. Also, the article advised consumers to create a plan. This can be a budget plan, a debt payment plan or a spending plan. It all depends on what the consumer needs at the moment.
Among the other tips in the article included having an emergency fund and thinking twice before spending anything. Debt Consolidation USA also encouraged consumers to educate themselves so they will become better managers of their money. This is something that has to be constantly done so that they will be updated of the news or even crimes about money. It will help make the consumer more vigilant.
To read the whole article, click on this link: http://www.debtconsolidationusa.com/personal-finance/americans-smart-spenders-study-reveals-payment-choice.html.
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