Originally Posted by jachill
I can't believe the difference between how many debit users there are now compared to only three years ago.
I have mixed feelings about a statement like this...
On the one hand, debit is so much more convenient (I know from experience :p I'm lazy). But on the other hand, even for someone like myself who tries to keep a mental record of how much is in my bank account, I tend to over-spend when using debit...and I'm sure people who aren't as good at holding the figures in their head, must have this problem to a greater degree.
There's gotta be something psychological about it...something about physically handing over money tends to make people stop and say 'woah...that TV just cost me a crapload of money.'
I would hope people have some means of limiting themselves, since this increase in debit use surely leads to an increase of reckless spending in cases.