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Consumers Are Spending Less on Credit This Year

colderice
Written by John View Comments
Last Updated November 10, 2009

11-8-2009 9-31-14 AMIt looking like the consumer is not in love with his credit cards anymore. What’s in your wallet? CASH! In these times of job loss, insecurity, rising interest rates and big balances, the urge to buy now pay later is declining. Buyer are beginning to favor cash and debit cards more and more.

The findings, based on the Consumer Intentions and Actions survey, suggest that consumers are making strides in the quest to reset the spend button and relearn the concept of living within their means.

According the September 2009 consumer survey by BIGresearch, 17 percent of consumers report that they are currently using their credit cards more to pay for gasoline than they were 12 months earlier, “that figure represents a sharp drop from the 25 percent who reported the same in September 2008,” he says. Additionally, when asked about the plastic they now keep in their wallets, “percentages were down for all major credit cards as well as store credit cards.”

 

Edit2Chart Consumers Are Spending Less on Credit This Year

Biz Minute Video: I Just Saved 60% On My Shipping Fees Dude!

colderice
Written by John View Comments
Last Updated November 1, 2008

Things are tough and times are harder than just a few months ago. You have to find areas where you can save money and cut cost. There are many things you can look at, and shipping is always a place to check.

Fees associated with shipping and handling of packages are some of the most costly areas of transacting business on the web. Efficient processes and packaging can really do wonders to your bottom line. I just save 64% on our fees for packaging, let me share it with you…umm right after I get to my favorite part of the Billy Jean jam from Michael Jackson, LMAO…

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