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Cash vs. Credit Atlanta, GA

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Client Reviews

Cash vs. Credit

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

When it comes to consumers’ spending, credit is king these days. With online spending a normalcy of life and the ease at which credit cards can be swiped, credit card spending has been on the rise for the past two decades. However, debt has also been on the rise in the past two decades – and there is a direct link between the two. 

Many people balk at the idea of using only cash because credit cards are so much easier to use – but that is the point. Cash is a commodity that you either have or you do not have. You cannot spend what you do not have when you are using an all cash spending plan. Once your money runs out, your shopping spree(s) end. For those looking to get out of debt, or who have dug themselves out of a debt hole and have vowed never again to return to it, cash-only spending is an ideal plan. 

However, many argue that a cash-only spending plan just is not feasible in today’s society. With online purchasing available from almost every store (even grocery stores) and online banking right at your fingertips, using a credit card is easy and can be managed. The key here, though, is “managed.” While many people go into creating a credit card spending plan with the thoughts of keeping track of their actual spending, what most people find is that this simply does not happen. There are so many “oops!” and “It’s just $5” and “I’ll borrow money from another account,” that credit card spending plans do not work for most people. It takes extreme discipline to keep track of spending when you cannot see it right in front of you. With cash, you can visually see what you have left in your wallet, but with credit cards you simply cannot. 

It has been discovered that consumers between the ages of 18-29 prefer to use plastic over cash – and this is where the highest rate of danger lies. Young consumers are getting themselves into debt early in life, and are creating spending habits that become extremely hard to break. 

For those who are serious about avoiding debt or who are struggling to get out of debt, the question of Cash vs. Credit is a no-brainer. Cash is the best way to avoid debt. By setting a strict budget and having your spendable monies on hand, you are giving yourself the best opportunity to only spend what you have and avoid debt.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Our Client Reviews

Gingold & Gingold LLC
5.0 / 5.0

Based on 28 reviews

Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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