Is Cash Becoming Extinct?

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Card purchases outnumbered cash or check for the first time in 2003. Though Selena Maranjian rightly points out that this isn't all good news, I don't think this necessarily means we are headed down a path of profligate spending and credit problems. I think the use of cards also means we can more easily track our purchases and possibly hold to budgets better. I foresee credit cards that let you set up a budget and alerts you, on your receipt or in an email, that you've reached your monthly coffee allotment or ease back on the dinners out. More information is going to be created and should keep getting easier to track.