How you pay may impact your health

Avoiding credit card debt can be good for your financial health.  In addition to saving money on interest charges and fees, studies show that people tend to spend less when paying with cash versus credit.  But did you know that paying with cash can make you physically healthier too?

According to September's issue of Self Magazine, researchers from Cornell University found that people who pay for their food with cash make healthier purchases than people who pay with a debit or credit card.  Perhaps having a limited amount to spend makes people think more about what they are getting for their money.  Regardless of the reason, I think it's worth a try!  Next time you head out to lunch or dinner, try paying with cash-- it could make both you and your wallet a little bit healthier.

For more ideas on how to maximize your food dollar, download our free Cheap Eats eBook.

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

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  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.