Thursday, October 25, 2007

Credit Card Anyone?

I know, most of you probably know this already, but I'm gonna throw it out there anyway. It is pretty common knowledge that people are likely to spend more money when swiping plastic than when paying with paper money. But, do you know how much more our plastic swipint causes us to spend? By at least two studies (one of those was a simple study by a couple), using credit cards instead of paying with the real thing causes people to spend 33%-34% more money. WOW, thats 1/3.

Next time you get ready to swipe that plastic, think about this.

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