The Pain of Paying

If we were all rational beings, we would be spending the same way whether we pay with cash, debit card or credit card; whether we pay per consumption or after each consumption. But we’re not, and so we spend more when we pay with credit card compared to cash, and so on.

Read my article featured in Health & Home to learn more about it. Hopefully, your knowledge of this Behavioral Economics theory will help you improve your spending habits.