How you pay impacts how you feel about the transaction and your purchase.

How you pay impacts how you feel about the transaction and your purchase. Find out what your choices say about you and which methods lead to better buying decisions. What’s your favorite way to pay when buying stuff? Do you like to pay with cash? Credit card? PayPal, perhaps? Is your debit card your best friend when you shop?

Or do you keep your smartphone ready at the checkout counter? Your preferred payment method can tell a lot about your mindset as a consumer, according to the 2017 Total Systems Services U.S. Consumer Payment Study.
The study reveals that most people don’t really understand or give much thought to why they make certain purchasing decisions.

They just pull out their favorite payment method without even thinking about it. It’s habit. It’s impulse.
Unfortunately, that kind of impulse can lead to poor choices based on emotion instead of logic.

I personally witnessed this happen to me when I allowed myself too much freedom with my credit card use—I found it became harder to control my impulse buying, despite being someone who’s generally careful with his finances.

Taking a look at why you choose certain payment methods for certain purchases and questioning those reasons can actually help you save money.

We’ll help you spend less, save more, and make better and safer purchasing decisions by showing you how the payment method you choose triggers your spending habits and influences your buying behavior.

Cash Isn’t King—Debit Is
Consumers are getting more comfortable with digital payments, but prefer to pay with debit cards
Studies show customers prefer debit.

Credit comes in second place, with cash following in third.

Other digital payment methods follow in frequency of use. One reason debit cards and cash are used so often is that there are more low- and moderate-income consumers than wealthy consumers.

Lower-income consumers aren’t always able to get credit cards. They might also have lower credit limits and maxed-out cards.

After all, it’s not always easy to re-establish your credit after losing points. Another reason people use debit cards and cash more often is to stay on-budget and not rack up credit card debt and interest fees.