• 2 days ago
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Transcript
00:00People often overspend using their credit card as opposed to when paying with cash.
00:19Paying with cash is a more transparent process.
00:22Now when you're paying with cash, you actually physically take the money out of your wallet
00:26and you sense the wallet reducing in size and the weight of the transaction actually
00:33takes a toll.
00:34Now on the other hand, when you're using a credit card, you probably won't be able to
00:39notice your balance when the transaction is taking place and you pay down the balance
00:44only at the end of the month.
00:45Now understanding your behavioural tendencies and spending patterns will help you spend
00:50more wisely and find a balance between using your credit card and cash.