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That was my take as well... when I was younger and paid for nearly everything in cash... I'd literally see the amount in my wallet go down, and have to think tw
by tracker1 3y ago
That was my take as well... when I was younger and paid for nearly everything in cash... I'd literally see the amount in my wallet go down, and have to think twice on everything. I was so much more aware of the fuel I was buying, how much I would or wouldn't spend eating out, grocery shopping etc. Now it feels like sticker shock each month when I pay everything off... "how did I spend that much." I think the article makes a lot of conclusions that my own experience would indicate the opposite.
- thingification 3y agoI wonder if part of this is a function of time passing / getting older rather than purely cash vs not.
- tracker1 3y agoI can't speak for all, but I came from a lower/lower-middle income family... when I was in my later teens, I generally didn't hold a lot of money to trust in debit purchases not overdrawing. Didn't even have a CC until I was nearly 30yo.