Financial Times FT.com

Paying by cash cuts amount spent

By Emma Byrne in London

Published: September 8 2008 03:25 | Last updated: September 8 2008 03:25

If you want to spend less, use cash, research confirms on Monday.

Psychologists carried out four separate studies of how much people spend on their credit cards and in vouchers compared with cash. The results, published in the Journal of Experimental Psychology: Applied, showed that participants spent cash much more carefully than other forms of payment.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this