Comments on: The Psychology of Cash Management: How Large Bills Can Help You Spend Less

By: Weekly Link Review 14 July 2009 | frugalandthriving.com.au

Weekly Link Review 14 July 2009 | frugalandthriving.com.au — Mon, 13 Jul 2009 23:51:41 +0000

[...] Almost Frugal has an interesting article about the psychology of spending money and breaking large notes. [...]

By: Andrea

Andrea — Mon, 06 Jul 2009 15:35:41 +0000

I have never heard of this before, but it makes sense. I never carry cash. I carry plastic. I always thought that if I had cash that I would be more likely to spend it than if I had carried the plastic. Hmmm. I wonder what would curb my impulse buying – I just don’t go shopping to much anymore. That works!

Andrea
Save Money to Make Money

By: Sunday round up: Post-Independance Day edition | Frugal Living Tips & Money Saving Ideas | Living Well on Less

Sun, 05 Jul 2009 15:13:24 +0000

[...] Frugal offers a psychological analysis of why carrying big bills can make you spend less. This is absolutely the case for us as we’re experimenting with cash budgeting. I try to keep [...]

By: Favorite Finds Of The Week | Serene Journey

Favorite Finds Of The Week | Serene Journey — Sat, 04 Jul 2009 10:06:04 +0000

[...] The Psychology of Cash Management: How Large Bills Can Help You Spend Less – Almost Frugal Small bills are very convenient to carry around. After all, they do make it easy to pay in exact change. But according to a recent study published in the Journal of Consumer Research, carrying small bills can actually cause you to spend more on impulse than you otherwise would. [...]

By: Vik

Vik — Wed, 01 Jul 2009 17:59:40 +0000

This is Vik – the writer of the guest post. Thanks for the great comments. One thing I was curious about is whether people tend to use their credit card more if they’re carrying large bills – any thoughts on this?

By: Kelly

Kelly — Tue, 30 Jun 2009 12:43:08 +0000

I agree- it would be nice to be able to think about this more in practice than in theory!!

By: Abigail

Abigail — Tue, 30 Jun 2009 01:28:39 +0000

I definitely hate breaking any given bill other than $1 ones. That said, I always find it more terrifying to see cash drip away than when I use a debit card. So perhaps we will one day switch to all cash.
Abigail´s last blog ..Do you have to play ‘bad guy’?