using cash is like using "free money"

Question

Physical cash is like using free money because it doesn't have the same digital trace of being spent like the way you would use a credit card or apple pay. You also don't see the cost from the bank, and the transaction feels "free" because when the money isn't shown into the statements, it doesn't affect transactions.

Answer 1

This cannot be classified as true or false because it is an opinion. Some people feel that spending cash feels "free," while others do not share this perspective. I believe this perception may also depend on how much money a person earns or possesses. For some, cash holds significant value, making them more cautious about spending it. For others, cash may feel like an expendable resource, giving them the sense that spending it comes without consequence. I came across an article supporting this claim, which also mentions that Gen Z tends to feel this way, further emphasizing that this claim is not universal but shared by only some individuals.

https://www.little-loans.com/gen-z-view-cash-as-free-money#:~:text=Physical%20cash%20payments%20feel%20like%20'free%20money'%20to%20Gen%2DZ&text=So%2C%20because%20there%20is%20no,reflected%20by%20some%20Twitter%20users.

Comments

I have definitely had a similar feeling. When paying with cash, it doesn't necessarily feel "free" but it does feel less substantial than paying with a card, since it doesn't change the number in my bank account.