How to Save Money
Want to spend less when you’re out and about? Carrying big bills apparently does the trick.
From Time:
According to a new study to be published in the Journal of Consumer Research, shoppers are less likely to spend their dough if they are carrying
cash in large denominations. This so-called denomination effect can be a
powerful predictor of consumer spending habits. Through a series of
experiments, the study shows that if people have an equivalent amount of
money, say $100, the folks with a Ben Franklin in their pockets might not
part with it, while those carrying Andrew Jacksons and George Washingtons
more easily give up the cash.
cash in large denominations. This so-called denomination effect can be a
powerful predictor of consumer spending habits. Through a series of
experiments, the study shows that if people have an equivalent amount of
money, say $100, the folks with a Ben Franklin in their pockets might not
part with it, while those carrying Andrew Jacksons and George Washingtons
more easily give up the cash.
Dollar Bill Art
Well the mighty US dollar may be going down the tubes but at least it’s a currency that lends itself well to artistic expression.
Via Digg
