Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – June 14, 2016

Stop spending!

Stop spending!

We can get into debt through borrowing small sums over time by credit card and the problem gets worse when you don’t physically see the cash leaving your wallet. But imagining our future selves, making your spending concrete and using pre-commitments can help, as this Slate article explains.

Notes on nudging

Notes on nudging

HSBC’s new spending app was inspired by a bank chief’s wife’s habit of leaving post-it notes that advised him not to eat more dessert, Business Insider says. The nudging app reminds people of day-to-day spending. The idea is that people are motivated by the present and ‘nannying’ notifications seem to help.

Contactless reigns

Contactless reigns

So far, debit and credit cards remain king among payment methods and contactless technology has only increased their popularity, notes PaymentEye. Uptake of wearable items like Apple Watch and mobile payments has been patchy but let’s not throw the baby out with the bath water, it says and cash is not disappearing anytime soon.

SpendingMobile bankingCardsNudge

Ian Bright
Ian Bright

Senior economist at ING
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