Spend Less With Cash
Recent studies on how our brains react with money reveal an amazing reality: People spend less when their cash is crisp and new.
They also tend to part more easily with bills of low denomination than greenbacks of high denomination. Our brains simply find it easier to spend another dollar when that dollar is old and worn and isn’t crisp and new.
What’s more, we aren’t always willing to crack open a 50, a 100, or even a 20 unless it’s absolutely necessary, but we won’t think twice about breaking a five or 10.
So, the next time you withdraw cash from your account, ask for new Jacksons, Grants and Franklins. You’ll be surprised at how much longer your money will stay in your wallet!
Your Turn: Did you spend less impulsively when you used new bills? Share your experience!