I mentioned to a coworker I'm not rich enough to use my credit card, or even debit card, for everything. People tend to spend more using credit vs cash (0,1). A

I mentioned to a coworker I'm not rich enough to use my credit card, or even debit card, for everything. People tend to spend more using credit vs cash (0,1). Anecdotally, I noticed the same thing when I was younger, and since switching to cash for all in-person expenditures, my partner noticed, and mentioned, the same thing. I think most college students would concur, if they gave cash a chance for a few months, and I think being raised on exclusively credit cards leads to bad financial habits. I think Visa and other private financial institutions are aware of this affect, and attempt to drive social change and expectations through legislation, advertising, sly dealings to ensure terminal ubiquity, and sweetheart media coverage painting cash as outmoded. Cash makes a real difference for me when budgeting. And I should leave it at that before this becomes half rant, half anti-creditcard manifesto. [0] https://mitsloan.mit.edu/experts/how-credit-cards-activate-reward-center-our-brains-and-drive-spending https://mitsloan.mit.edu/experts/how-credit-cards-activate-r... [1] https://www.nature.com/articles/s41598-021-83488-3 https://www.nature.com/articles/s41598-021-83488-3