Help the Economy with Credit Cards Home

United States of America's economy depends on consumer spending. These days, the economy needs all the help can get. A local economy benefits when customers buy goods and services in retail rather than the Internet. Even better, patronizing local businesses, rather than a national chain store or restaurant, and keep more money flows into the area.

Everything we have heard that you should help your local environment to shop in local stores. That is true. Many cities also have the pages to list and promote local businesses. A store will jobs and pay taxes. But if you buy goods in the chain store, that a considerable amount of money to their headquarters, which is probably not in some distant city.

Maximize the positive impact that your purchase will have on the economy, these purchases must be paid in cash, checks or debt cards. No credit card.

Simply put, the use of a credit card strips money from your pocket to the seller or supplier. Somewhere between 2% to 6% of your credit card purchase is deposited with banks and credit cards. That the money withdrawn from circulation (ie, economics) and stuffed into the pockets of banks.

For example, a local store or restaurant that is 1 million U.S. dollars in annual sales. This is an average of about $ 2800 sales per day, which is easily accessible by many successful companies. After deduction of a firm's current expenses (staff salaries, taxes, insurance, utilities, rent, advertising, inventory, etc.) the ultimate profit to be $ 100,000. Pretty good actually profit.

Now, as the sale of the warehouse was carried out using a credit card, approximately 3% of these sales are taken and sent to the bank. Remember that 3% of its turnover, instead of 3% of the final profit.

Furthermore, your personal economy by keeping your credit card at home. Without the use of credit cards, you will not pay extra interest or other charges. Interest paid is just more money in your pocket, and sent to the bank. For nothing!
Think about it the next time you pull your credit card. Help the local economy and the credit card back. If you like the convenience of a credit card, you might consider debt / check cards. Be sure to tell the clerk to carry out the transaction as a debit card.