An economist swears by this technique for holiday shopping

- Americans plan to spend an average of $1,000 on holiday gifts. - While various payment options exist, using cash is recommended to avoid overspending. - Cash provides an automatic budgeting method, as spending stops when it runs out. - The "pain of paying" with cash slows down purchases and reduces impulse buys. - Paying cash eliminates interest charges, unlike credit cards. - Using cash fosters a sense of ownership for purchases. - For online purchases, buy gift cards with cash and add them to your account. - Cash helps include those who lack electronic payment options, primarily the poor and elderly. - Using cash sends a signal to businesses that paper money is still valued. - Cash eliminates post-holiday financial stress by preventing excessive spending. - While cash alone cannot make the holidays enjoyable, it solves one potential financial problem.