Wednesday Trends in credit card & debt

20 October 2010

Using your credit or debit card will make you fat?

A recent study reported in the New York Times, found that the payments with credit or debit cards people most likely to make purchases of impulsive, unhealthy food.

Research shows that consumers were significantly more likely to buy the "bad" things like junk food and other products "vice" when you use a credit or debit card.

The psychological argument behind it is that when consumers spend plastic, reduced the "pain", the feeling that physically, delivering a dollar bill takes away the pleasure of consumption, the article States. Thus, spending via credit or debit card made it easier to give impulses, because the pain was felt less payment.

The lesson here Is that cash payment will help you keep up with your diet? Maybe the key takeaway is that, in General, paying on paper there makes it more likely for the impulse purchase — if we're at the grocery store or shopping for clothes or electronic. Responsible about your use of plastic, and you'll avoid debt and any extra calories.

Roundup today deserves a big thumbs up for the awesome places to credit card debt help and advice from primary sources around the Web! happy reading!

View the original article here