Top 6 reasons that cash is better than credit

One of the things I love about life is my job. I work for Dave Ramsey ... you might know him as the "get out of debt" guy. He has a nationally-syndicated radio show across North America (The Dave Ramsey Show), 3 New York Times best sellers (Financial Peace, More Than Enough and The Total Money Makeover), and hosts a show on the Fox Business Channel.

The work environment is great and we do work that MATTERS. We help people learn how to manage their money correctly, pay off debt and learn how to invest, give and spend (yes, they do get to have fun wit money they've earned). Dave hates all forms of debt, and is correct in saying that saying away from credit cards and living on less than you make (using cash, obviously) will make you wealthy.

His system works ... check him out here! Or subscribe to his website here and get all sorts of awesome budgeting tools and encouraging people to help you out.

So, in that spirit, my next list is the Top 6 reasons why using cash is better than credit.

6. It's better to have a $100,000 balance in the bank than a $100,000 balance on a MasterCard.
5. Have you ever needed your ID to use cash?
4. You can put cash into a microwave for 20 seconds and it will still be useful afterwards.
3. When you screw up and forget to make reservations for Valentine's Day dinner, you won't get anywhere by slipping the maitre d' a Visa.
2. Cash charges 0% interest. Tony Soprano charges 20%. Discover charges 29% ... if you're lucky.

And the number one reason cash is better than credit
1. You only need 100 to be doing well with cash. With credit, a 350 score sucks.

One more thing. Money and stress go hand in hand. Not enough of one means too much of the other. So if you're stressed out, check Dave out, and check out my buddy Angela's ways to shun stress.