@daveramsey: You don’t emotionally pay attention spending borrowed money like you do when it’s your freaking money. Because that cash is like real money. And credit cards are like somebody else’s money—it’s like Monopoly money. A study from the Journal of Experimental Psychology: Applied found that it’s psychologically less painful when you use a credit card over cash because it feels like you’re spending “future” money, rather than present money.   There’s something about physically handing over your hard-earned cash that makes you think twice before you spend it. You’re more likely to spend less and find ways to save. #moneytok #creditcard #creditcards #creditcarddebt #debt

Dave Ramsey

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Monday 14 August 2023 15:42:24 GMT