The $99 sub--WTHeck?

iVillage Member
Registered: 06-18-2004
The $99 sub--WTHeck?
13
Fri, 04-17-2009 - 8:35am

I learned today just how my perspective has changed in the last couple of years.

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iVillage Member
Registered: 10-01-2008
In reply to: t09w
Fri, 04-17-2009 - 8:55am

It's funny, when you go on the

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 08-04-2008
In reply to: t09w
Fri, 04-17-2009 - 9:56am

There is scientific evidence to support your theory:


These findings appear in the September issue of the Journal of Experimental Psychology: Applied, published by the American Psychological Association.

The conclusion that cash discourages spending, and credit or gift cards encourage it, arises from four studies that examined two factors in purchasing behavior: when consumers part with their money (cash versus credit) and the form of payment (cash, cash-like scrip, gift certificate or credit card). The results build on growing evidence that, as the authors wrote, “The more transparent the payment outflow, the greater the aversion to spending, or higher the 'pain of paying.'” Cash is viewed as the most transparent form of payment.


http://www.apa.org/releases/spend0908.html


So there you go.




iVillage Member
Registered: 11-17-2007
In reply to: t09w
Fri, 04-17-2009 - 9:57am

This guy must be kin to my husband I don't know how many times I have said when we came out of the supermarket "How much was the ticket?" And he would always come back "I don't know"

iVillage Member
Registered: 03-28-2008
In reply to: t09w
Fri, 04-17-2009 - 10:21am

It really doesn't surprise me at all.

iVillage Member
Registered: 01-25-2009
In reply to: t09w
Fri, 04-17-2009 - 10:54am
I don't eat out much, but before I go to a restaurant, more often than not I check out their website first and more or less have an idea how much a meal would cost, also figure in somewhere around a 20 to 25% tip. When the tab arrives, and when I am paying with credit card, I have to look at the final number to calculate the tip. As long the as total seems about right, usually I do not check every item. You are absolutely right about not wanting to be interrupted, because it is not just about the food. I am essentially paying for a relaxing time.
Avatar for earnhardt_jr_fan
iVillage Member
Registered: 03-25-2003
In reply to: t09w
Fri, 04-17-2009 - 12:27pm

One thing to keep in mind with all these people using credit cards to pay -- some of them may be debit cards too. My debit card has a Visa logo on it and I tend to use it as credit simply because I have a hard time remembering my pin number.


So, while it may seem that a lot of people are just throwing credit around, they may indeed be using a debit card and not incurring any new debt. :0)

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iVillage Member
Registered: 06-18-2004
In reply to: t09w
Fri, 04-17-2009 - 12:35pm

Oh, ITA.

iVillage Member
Registered: 08-02-1998
In reply to: t09w
Fri, 04-17-2009 - 3:15pm

There is scientific evidence to support your theory:

These findings appear in the September issue of the Journal of Experimental Psychology: Applied, published by the American Psychological Association.

The conclusion that cash discourages spending, and credit or gift cards encourage it, arises from four studies that examined two factors in purchasing behavior: when consumers part with their money (cash versus credit) and the form of payment (cash, cash-like scrip, gift certificate or credit card). The results build on growing evidence that, as the authors wrote, “The more transparent the payment outflow, the greater the aversion to spending, or higher the 'pain of paying.'” Cash is viewed as the most transparent form of payment.

http://www.apa.org/releases/spend0908.html

I have stopped sending my kids gift cards for special occasions simply because I figure that it will cost them more money in the end. ie - I send them a $20 gift card and they go shop and it comes up to $18, they end up with a card that is holding $2 that they will never use, or it is $22 and costs them the extra $2. So instead I now send them cash. That way they can choose the store to spend it in. And yes I know it is unsafe to mail cash in the mail, but really no less than sending gift cards, gift cards are almost as good as cash at the right store.

Sharon





Community Leader
Registered: 07-26-1999
In reply to: t09w
Fri, 04-17-2009 - 3:45pm

While I partly agree, two things i might say.

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iVillage Member
Registered: 03-19-2003
In reply to: t09w
Mon, 04-20-2009 - 10:03am

That's funny.

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