Digital wallets make life easier. You can pay for coffee, buy skincare, or order a motorcycle taxi just through your cellphone. No need to bother taking cash or looking for change. But, have you ever felt like your money suddenly runs out even though you just got paid? The answer could lie behind that convenience.
Digital wallets make you spend more, and this is not just an assumption but a reality experienced by many people. Digital wallets make us more wasteful because they often make us forget our financial limits. Many people feel that their money runs out quickly without knowing where it goes.
Digital wallets make you more wasteful because of this!
1. Transactions are too easy, so it’s not noticeable
One of the main reasons digital wallets make you spend more is because the transaction process is so fast and has minimal barriers. One click, payment done or scan QR code, and you’re done. No need to bother opening your wallet, counting cash, or waiting for change.
This convenience does make life more efficient, but on the other hand, it decreases our awareness of spending. Without the physical moment of spending money, our brain does not process that we are losing money by buying something.
Transactions that should have a psychological effect in the form of consideration and feelings of loss instead feel light, even barely noticed. As a result, many people are more easily tempted to buy things they don’t really need.
As a result, these small repetitive expenses accumulate and make digital wallets more wasteful slowly but surely.
2. Tempted by Tricky Promos and Cashbacks
Who can resist a 50% cashback promo, discounted price, or free shipping? Offers like this are indeed very tempting, especially if they appear when you open a shopping application or online transportation service. However, behind all that, this is one of the strong reasons why digital wallets make you more wasteful.
Psychologically, promos and cashbacks give the illusion that you are saving money. In fact, in many cases, you are still spending money on something that was not originally planned. For example, buying fast food just because it is 40% off when there are still groceries in stock at home.
This is a subtle trap that makes the digital wallet more wasteful because it looks as if it is “profitable”, even though overall, expenses actually increase.
3. Failing to Set Daily Spending Limits
Cash naturally limits us. If you carry Rp100,000 in your wallet, then that’s your maximum spending limit for the day. But with digital wallets, that limit is blurred. The available digital balance often makes you feel safe, even though the reality is that your spending continues without brakes.
This is the last reason why digital wallets make you spend more. Because there is no “visual signal” such as seeing an empty wallet, you tend to find it difficult to limit your daily spending. It’s like having a bottomless wallet-as long as there is a balance, the temptation to keep transacting remains open.
If you are not disciplined in setting daily limits or weekly budgets, you may end up spending more than you should just because you feel like you still have money. This is why it is important to keep making financial plans even though all payments have gone digital. Digital wallets are practical, but they still need to be controlled so as not to harm yourself in the long run.
4. Digital Wallet Making You Wasteful? Switch to Digital Gold at Treasury Instead
The intention of the heart is to save but never collected. The money in the digital wallet that should be saved is running somewhere. If you experience this, it’s time to switch to digital gold investment in Treasury.
Digital gold investment is not only safe, but also practical because it can be done starting from a small nominal. By diverting some of the funds from the digital wallet to digital gold, you automatically limit the potential for waste while building future assets.
Let’s start turning wasteful habits into smart habits! Switch some of your digital wallet balance to digital gold at Treasury right now.
