Watch the video above and talk about it with a group or mentor. Learn more

Going cashless has made purchasing a snap. It's also made overspending a snap.

Key Points:

  • We live in a cashless society, and that means we don’t always “feel the pain of spending” as much when we buy online. There’s no physical transaction of handing over your hard-earned cash to a cashier.
  • You can buy pretty much everything on your phone these days. Even dinner!
  • Social media companies are developing new strategies all the time of how they can make shopping a simpler, quicker process.
  • One-click purchases (Amazon Prime) can be a blessing and a curse as well. It’s easy to spend without thinking.
  • Budget your cashless purchases and don’t overspend. Use budgeting tools to keep track if you must.

Quote This:

It isn’t what you earn but how spend it that fixes your class. -Sinclair Lewis

Talk About It
  1. What is your initial reaction to this topic? What jumped out at you?
  2. What are some “cashless” costs you regularly incur?
  3. Do you think it’s true that we don’t “feel the pain of spending” when we buy online or with a card rather than using cash? Why or why not?
  4. What can you do to remind yourself that “cashless” costs are real costs?
  5. What budgeting tools, if any, do you use or would you consider using to help manage your spending?
  6. Write a personal action step based on this conversation.