facebookAs we are moving towards a cashless society, do you think that we actually spend our money faster as compared to if we use cash to do transactions? - Seedly

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Vernice Ng

Community Manager at Seedly

09 Feb 2023

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As we are moving towards a cashless society, do you think that we actually spend our money faster as compared to if we use cash to do transactions?

Discussion (35)

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I think so, especially considering even larger payments like electricity are going online, I am now very used to paying my own bills via the online portal itself and is so easy!

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For context, this is what I am referring to~ https://www.spdigital.sg/spapp/bill-payment.html

Yes, I find it easier to think before using when paying with cash as compared to card -- cause need to think of how much cash I have on hand before buying. Whereas for card, I'm lazier to think, I typically default to convenience and just let the card do its things - forgetting that I'm supposed to be in charge πŸ˜…

Perhaps, cuz we don't touch and feel the reduction

I agree, do also feel that I spend easily when going cashless. I think because of the convenience of being able to purchase things both offline and online, just tap and go instead of fumbling with notes and coins.

I have to agree with that.. unknowingly I have been spending more thinking to earn rebates/points/fr...

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