When you cash your check or take money out of the bank or ATM. Try to get $50’s or $100 dollar bills. This is because psychologically, people do not like to break bills higher than $20.
This comes from the fact that most people either don’t like the extra bills or they see a higher value in a hundred dollar bill and find it harder to give it up.
The credit and debit card version of this is to keep your accounts low or have a cap that you can’t exceed per day. This will make it seem like too much work to constantly transfer.
Using these techniques and making it into a habit will help curb those compulsive buys and help you save a little change in the process.
This comes from the fact that most people either don’t like the extra bills or they see a higher value in a hundred dollar bill and find it harder to give it up.
The credit and debit card version of this is to keep your accounts low or have a cap that you can’t exceed per day. This will make it seem like too much work to constantly transfer.
Using these techniques and making it into a habit will help curb those compulsive buys and help you save a little change in the process.
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