inshadowsandlight: darking: IN UR INKBLOTZ HAVIN FUNFUNFUN  WITH UR PSYCHE (Default)
[personal profile] inshadowsandlight
I keep seeing things about how most people's brains don't see credit card money as real money, so paying in cash is harder and makes them think about how much they are spending more than when paying with a credit card.

I am very much the opposite. If I have cash, I don't count it as money I actually have. Money in a savings or checking account, on the other hand is real money, in my head. It may just be numbers on a screen, but it is easily trackable numbers on a screen. If I have to see what I spent money on, and see the balance actually decreasing that is much more mentally painful than spending not so easily trackable cash. This is why I have savings that are helping me put myself through school, and why I have been thinking about buying myself a tablet computer for six months plus and have still not broken down and been willing to actually dig in to my savings enough to buy it.

On the other hand, I watched lots of PBS specials on money from the time I was 10 or so, so even when I got my first credit card at 16 I only ever missed a payment and did not pay off the entire balance each month twice in the first year when I lost track of when the bills were due, so I expect that I am not the typical person with credit card debt that the authors of those articles are trying to reach.
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inshadowsandlight: darking: IN UR INKBLOTZ HAVIN FUNFUNFUN  WITH UR PSYCHE (Default)

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