Don’t you want to spend your cash less?

Has modern technology with its utmost simplicity led us to a life of mindless spending and made savings difficult?

Don’t we always feel that there is money available for that pretty blouse or that new flavour of sauce that has been recently launched? (Yes, that sly credit card keeps calling out to us).

There is no one telling us where to stop.

Spending through plastic modes doesn’t hurt like cash.

A study on spending behaviour found that swiping a card actually encourages you to spend more.

Let us step back, go back to the basics, back in time– Go Card-Less.

Yes, you heard me right.

There is something about having physical money in your hands that keeps you on track.

Research has proven that physically handing over your money and watching it disappear – is painful.

When you have to pay for that impulsive shopping bill at Zara in hard cash, don’t you second- guess your purchase?

When you pay for that Iced Latte at Starbucks, don’t you think that I can make the exact same thing at home, at uhmm maybe 1/10th of the cost if not less?

This has a lot to do with the fact that you see money leaving your hand and you quickly connect that money to the thing you are buying.

With credit, we don’t make those associations as fast.

Parting with cash makes it more real and one is more conscious when hard cash goes out.

It is also a lot easier to recall what we had spent on when we use cash as the mode of payment.

When you use cash, you will naturally find yourself looking around at multiple stores before making the purchase, looking for deals, and spending less.

Since in today’s time most incomes are not in the form of cash, the entire process of getting cash is also very tedious. You need to visit an ATM to withdraw cash. This inconvenience also plays a crucial role in curbing your expenses.

You tend to evaluate whether the effort is worth it.

Going cashless may not be a viable option for forever, but if you are looking to get your budget on track quickly, it is definitely worth a shot.

So, what are you waiting for?

Go hide those credit cards in a safe spot and head to the ATM to get some cash. You may just say hello to that bulky new wallet that hasn’t seen the light of day in quite some time.

Until then, Ciao!

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