Credit and debit cards can lure you into spending frenzy that can spiral out of control before you know it. Have you ever come to the end of the month and asked, "Where did all the money go?" The convenience of plastic has made it far too easy to make purchases that we might not make if we had to dip into our wallet and make a cash purchase. _ Studies have shown that spending increases as the means to pay for an item becomes easier. In other words credit cards have made buying transactions easier, so we're more likely to buy stuff without concern, until the bill comes at the end of the month! Likewise, new 'pay with a wave' credit cards will make it easier still and foster even more poor spending habits.
Just being aware of how much you are spending versus how much you are saving can have a huge impact on your financial picture. For example, there are numerous restaurants in cities all across the nation that have kids eat free specials. You can find a number of these online and you may also want to get into the habit of checking local restaurants to find out which ones offer specials. For those with children, this can mean the difference between getting to eat out and staying at home so it is definitely worth checking out.