The cash being and non -commodity in society has been discussed back and forth in connection with fewer Swedes using cash. Due to the development of digital payment solutions, more people choose to pay by card or swish because of the agility.
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Shop with cash – and save money
However, cash has the advantage that they can be used in a crisis situation. However, there is yet another aspect where cash has proven to be more advantageous than short.
According to researchers from the University of Adelaide and the University of Melbourne in Australia, the payment method we use how much we spend. It was Danish Nyheder24 First by reporting.
With data from 11,000 participants from 17 different countries, the researchers landed that people who use cash spend less money at each contract. Cashless documents, for their part, proved to be associated with larger and more extensive purchases.
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Therefore, payment methods affect how we spend
One theory behind this is that there is no physical exchange in a cashless transaction, and that the lost money therefore “feels” less. Cash is required more of the person who pays, you have to count and hand over the money.
In addition, the wallet becomes physically smaller after a purchase with cash but in a card payment, the card remains the same size no matter how much or little money it contains.
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