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> You are also much more aware of what you're spending I disagree that you are more aware of what you're spending with cash. I am more aware of how much I'm s
by toomanybeersies 9y ago
> You are also much more aware of what you're spending
I disagree that you are more aware of what you're spending with cash.
I am more aware of how much I'm spending on what when I use my card, since I now have a list of transactions and locations. With cash, unless I keep receipts, or write down what I bought, I don't know what I spend my money on or where I spent it. I only know how much I spent.
- oculusthrift 9y agothis isn't infallible but this psychology PHD researcher disagrees: https://www.youtube.com/watch?v=PCujWv7Mc8o https://www.youtube.com/watch?v=PCujWv7Mc8o
- Rainymood 9y ago>this psychology PHD researcher That's quite an understatement for (the quite famous?) Dan Ariely: >Dan Ariely (Hebrew: דן אריאלי; born April 29, 1967) is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University (source: Wikipedia) As an economist it feels like an insult to call him a "psychology PHD researcher"
- toomanybeersies 9y agoWell I guess my comment is an anecdote, not everyone is the same. I can track better what I'm spending with a card, which means that I can plan my spending better.
- oculusthrift 9y agofair enough. as long as you dont generalize your experience as a diligent person to the average person. (and i don't generalize the average persons experience to everyone)
- ekianjo 9y ago> I disagree that you are more aware of what you're spending with cash. When you only have a fixed amount of money in your wallet, you physically see how much you have left after every payment. To me it's obvious you are more aware.