Is it easier to save money when you pay with cash?

save

exchanging-cash

By Mark Huffman

Consumers who have bank accounts have gotten used to paying for everything with a debit or credit card. People might carry some cash, but they rarely spend it.

But there’s some research which suggests that paying for things with cash makes you think about the purchase more because the transaction is more real. You don’t see the money going out of your bank account and into the cash register with a card. You do when you hand over cash in exchange for whatever you’re buying.

Writing in the Journal of Consumer Research, researchers in Canada and the U.S. suggest paying with greenbacks might even make you appreciate your purchase more.

Read the Full Article at www.consumeraffairs.com >>>>

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Arnaldo Rodgers Posted by on 12:20 pm, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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