Sure, it might be nice to be independently wealthy and not have to worry about pinching a penny here or there. But how many of us are really able to ignore a great deal?
For example, Amazon Prime subscription costs $14.99 per month. But the annual subscription, currently priced at $139, will give a $40 savings. But do you use Amazon prime every month?
Handling cash is inefficient and inconvenient. The changes after purchase are cumbersome to manage and easy to lose. Unlike credit cards, paper money is not secure. If you lose it, you can't get it back.
Refinance, like every home mortgage, comes with a closing cost. It is usually 3%-6% of the loan amount to cover loan origination, underwriting, and administrative fees.
While online shopping boasts easy access from the comfort of your bedroom, the FirstInsight report shows impulse purchases are more common during in-store shopping.