Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
Dan ArielyIf you want to spend more money in restaurants, use credit cards more than cash. If you want to spend less, use cash more than credit cards. But in general, we can think about how to use the pain of paying and how much of it do we want. And I think we have like a range. Credit cards have very little pain of paying, debit cards have a little bit more because you feel like today, at least it is coming out of your checking account, and cash has much more.
Dan ArielyEven the most analytical thinkers are predictably irrational; the really smart ones acknowledge and address their irrationalities.
Dan ArielyThe problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.
Dan Ariely