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This morning on ABC Australia they had a segment on Cash, they mentioned that studies are showing that using cash instead of tapping helps control a person's spending and helps them save. At the end they asked one of the young ABC interns about it and she said that she always carries cash and uses it because of the exact things that the studies have shown - using cash gives a psychological feeling that causes restraint. She also said that a lot of her friends also use cash.


Funny how we have organisation's spending money on studies, which tell us what we already know.


"Interestingly, Millennials in Australia are significantly more likely than other generations to prefer cash payments. Around half say they like to use cash, compared to around two in five for other birth cohorts."

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