You should always keep a $100 bill in your wallet, according to this psychologist. (via CNBCMakeIt)
and make you think twice about the transaction, compared to using a credit card or mobile payments on your phone to pay for your items, Jeff Kreisler, co-author of "Dollars and Sense: How We Misthink Money and How to Spend Smarter," told Grow earlier this year. Modern technology "can be a real problem with spending; the more automatic things are, the more easy it is to spend," Kreisler says. "And that's not always good.
But while carrying large bills may help curb your spending, it's not a foolproof strategy. Businesses are often reluctant to accept $50 and $100 bills. And carrying a lot of cash increases yourWe treat money differently depending on how we categorize it. We associate a lot of small bills with miscellaneous, petty cash, while we associate large bills with special money.
"Take a $50 or $100 bill and wrap it around your credit card," says Gresham. "That way, every time you consider making a purchase, you'll consider how that purchase translates into physical money."
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