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If You’re Cheating on a Diet, You’re More Likely to Pay in Cash to Hide the Paper Trail?

Remember when you’d open your wallet . . . see $8 . . . and wonder, “Where did all my money go?”     These days, one big benefit of…

Money, Money, Money

February 1958: The heart-warming sight of a pile of English one pound and ten shilling notes, scattered with various coins. (Photo by Fox Photos/Getty Images)

Remember when you'd open your wallet . . . see $8 . . . and wonder, "Where did all my money go?"

 

 

These days, one big benefit of credit card apps and digital wallets is that you ALWAYS have an updated ledger of where your money was spent.  But are there times when you DO want to "forget" where your money went?

 

 

A new study out of Notre Dame found that people are more likely to pay in CASH for transactions that are HARDER TO JUSTIFY.  Maybe you're grabbing a pack of cigarettes or a case of beer when you're trying to cut back . . . or you're at the donut shop, cheating on your diet.

 

 

Paying in cash keeps the transaction hidden from your usual account tracking . . . and makes it easier for you to forget about.  If it's something that you can easily justify, like a salad or some deodorant, then sure, put it on the books!

 

 

The researchers looked at more than 100,000 transactions, and they say this pattern proved to be true across different price ranges . . . so it isn't just people buying a donut in cash because it's cheap.

 

 

(Study Finds)

Jim O'Brien is the Host of "Big Jim's House" Morning Show at 94.7 WCSX in Detroit. Jim spent eight years in the U.S. Naval Submarine Service, has appeared on Shark Tank (Man Medals Season 5 Ep. 2), raised over two million dollars for local charities and is responsible for Glenn Frey Drive and Bob Seger Blvd in the Motor City. Jim's relationship with Classic Rock includes considering Bob Seger, Phil Collen from Def Leppard, Wally Palmer of the Romantics and many others good friends. Jim writes about ‘80s movies, cars, weird food trends and “as seen on TikTok” content.