Comments on: Does Carrying Big Bills Save You Money?

By: We Spend Coins Faster than Bills | The Happy Rock

We Spend Coins Faster than Bills | The Happy Rock — Mon, 18 May 2009 11:57:30 +0000

[...] month I wrote about a story I heard on NPR which said that we can save money by carrying big bills. Earlier this week I heard another story which goes hand-in-hand with the big bill story. [...]

By: Remember Traveler’s checks? Do People Still Use Them? | The Happy Rock

Sun, 26 Apr 2009 03:08:08 +0000

[...] a high school kid walking around with a wad of cash either. I of course would’ve wanted big bills, and if I had lost them I’d have been [...]

By: Michelle

Michelle — Wed, 15 Apr 2009 14:23:03 +0000

I’ve found that many of the places I’m prone to impulse shop or spend unbudgeted money won’t take $100s – grabbing fast food, buying snacks at the convenience store, Coffee shops, my mom-and-pop Rexall pharmacy…so knowing they can’t/won’t break that big bill is a deterent from even going in the shop!

By: Festival of Frugality - Last Minute Edition | StretchyDollar

Festival of Frugality - Last Minute Edition | StretchyDollar — Tue, 14 Apr 2009 17:32:43 +0000

[...] Happy Rock presents Does Carrying Big Bills Save You Money? posted at The Happy [...]

By: Weekly Round Up | Master Your Card

Weekly Round Up | Master Your Card — Sat, 11 Apr 2009 02:38:03 +0000

[...] DD @ The Happy Rock asks whether carrying big bills can save you money. I think there is something on the psychology of it. If I carry big bills, I spend less than if I [...]

By: Ron Russell

Ron Russell — Thu, 09 Apr 2009 00:12:15 +0000

This is very true. It easy to turn loose of a five or a ten, but to turn loose of the big hundred dollar bill thats another story. Great idea. Never thought about it.

By: Atniz

Atniz — Wed, 08 Apr 2009 12:58:15 +0000

Definitely. I like to carry big bills. It is easy and not huge in size.

By: Kristy @ Master Your Card

Kristy @ Master Your Card — Wed, 08 Apr 2009 04:58:00 +0000

No, I think there’s something to it and I’m not sure I agree with the effects lessening in time. I also have a hard time spending a $100 bill as opposed to five $20′s. But, that’s because my brain compartmentalizes the 20s into 20s rather than aggregating the total. So, when I spend the $100 bill, I know I’ve spent $100. But, I sort of view the five $20′s as just having spent $20 – even though it was $100. Mathematically that doesn’t make sense, I know. But, psychologically, I spent less because the bills were smaller – though in reality, we may spend more that way. It’s an interesting concept.

In dealing with people and cash everyday, they repetitively tell me to give them larger bills because they’ll spend it less quickly. So, this perception, however self-induced, is still around. Unless something drastically changes the perception, I think it will be around for awhile to come.