Cash vs. Card: How Payment Methods Influence Our Spending Habits

Card payments tend to make us spend more money compared to cash payments, according to a new study. This phenomenon is attributed to the physical representation of money in the form of banknotes, which makes us more mindful of our budget when we pay with cash.

Researchers from the University of Adelaide and the University of Melbourne in Australia analyzed 71 previously published articles on spending habits in 17 different countries, as reported by ScienceAlert....