One danger of the increasing move to digital payments is the reduction in the pain of payment (overspending)

๐Ÿ’Ž One danger of the increasing move to digital payments is the reduction in the pain of payment (overspending)

This detachment also makes it harder to remember how much we’ve spent. When researchers asked thirty people to estimate their credit card expenses before opening their monthly bill, every single individual underestimated the size of their billโ€”by an average of almost 30 percent.

Except from:ย Happy Money: The New Science of Smarter Spending by Elizabeth Dunn and Michael Norton

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