11 September 2007
Maybe it fell between the sofa cushions
There's something a trifle disquieting about this:
Cash slips through the pockets of Americans each day and by the end of the week memory fades. A new survey has found that 48% of Americans suffer from "mystery spending." The VISA USA survey found that Americans lose track on average of $2,340 annually. Nearly half of consumers say they can't account for more than one-third of their cash, spending an average of $120 in a typical week, but losing track of $45.
I am no one's idea of a great money manager, but here is every cent I spent yesterday:
Thirty-four dollars, eighty cents, nicely accounted for, and I'll get the $2 back soon enough.
VISA obviously suggests that the cure for "mystery spending" is to put small transactions onto plastic.
Out of sight (until the bill comes), out of mind, I guess.Posted at 6:56 AM to Common Cents