[kat82]

Cards make it easy to swipe without feeling the pain of parting with money. Do you think this increases overspending?

[Fergal]

Yes, I definitely think it does. I use the Google wallet facility on my phone to pay for a lot of stuff by credit card. It is just too easier, much easier than taking out my wallet and paying cash. When I pay with my phone, it doesn't even feel like spending money.

[kat82]

Yes, I definitely think it does. I use the Google wallet facility on my phone to pay for a lot of stuff by credit card. It is just too easier, much easier than taking out my wallet and paying cash. When I pay with my phone, it doesn't even feel like spending money.

Yet in real sense it is spending. You can even end up spending what you wouldn't have spent using cash simply because it is simple.

[Ofonime]

I also believe it's true people tends to spend more when they have their credit card in handy using physical Cash is good you won't spend the more you supposed to spend when you have a credit card

[germainebull]

Cards make it easy to swipe without feeling the pain of parting with money. Do you think this increases overspending?

It’s true that using a card removes the feeling of having to spend money directly, which can encourage overspending. When you don’t see money coming in, you spend without thinking.

The best way is to set spending limits and track everything you spend. Technology can help, but self-discipline is even more important.

[Padmavati753]

Absolutely, the ease of swiping can lead to less awareness of spending habits, often resulting in overspending.

[germainebull]

I also believe it's true people tends to spend more when they have their credit card in handy using physical Cash is good you won't spend the more you supposed to spend when you have a credit card

It’s true, many people spend more when they have a credit card in hand. Cards make spending seem easier and take the pain out of having to spend real money. You find yourself buying things you didn’t plan on, because you don’t feel like you’re wasting money.

Using cash has its advantages. When you see money coming out of your hand, you become more careful and control your spending. It helps you think twice before making purchases. This is a great way to learn financial discipline and avoid unnecessary debt.