Spend cash! – As financial institutions are failing, right and left, there’s something that?s important to remember during the current recession: There is evidence that people spend less when paying cash than using credit cards or gift certificates, meaning that cash discourages spending, and credit or gift cards encourage it.
Researchers Priya Raghubir and Joydeep Srivastava say, “The studies suggest that less transparent payment forms tend to be treated like [play] money and are hence more easily spent (or parted with.”
Art credit: freeimages.co.uk
What would happen if you woke up one morning and went to your computer, only to discover that Unknowncountry.com didn’t EXIST anymore? We’re not kidding when we say this is something that could really happen in the future. We know there’s a recession on, but times are tough for us, too, and we’re just not getting the support we need. You can keep us going for less than a latte a WEEK: Less than $12 gets you a 3-month subscription. So what are you waiting for? Subscribe today!
NOTE: This news story, previously published on our old site, will have any links removed.
Subscribers, to watch the subscriber version of the video, first log in then click on Dreamland Subscriber-Only Video Podcast link.