Are you throwing money away?

I just did a quick calculation on the fees I pay for using a credit card to pay for everything... well everything but utilities and rent.

We don't often think of it, but we pay 3 to 4% extra each time we use a credit card. Sometimes it is added on when you pay and sometimes it is rolled into the price you pay, but we pay it.

For me, it's about $80 a month. So yeah, a cashless world is costly.

This goes for debit cards as well.