Payment Types and Financial Control: Better Concrete Deductions - Than Vague General Estimates

Marlene A. Mania By Marlene A. Mania, 13th Aug 2010 | Follow this author | RSS Feed | Short URL
Posted in Wikinut>Money>Current Accounts

A perspective slant about why some customers may have a vague idea - or no idea, of their payment card balances during check out time.

When Shopping...

How often do people swipe their payment cards, not knowing the account balances?

For better financial control, a checkbook in-hand - could make a great difference. How often though, do we take the time?

Being a cashier, I have noticed (now, more than ever), the tendency for some customers to have a vague idea - or no idea, of their payment card balances during check out time. Those cards include: debit, food, gift, etc... These are the type of cards that they initially try to use, until they find out that there is insufficient-funds/it is declined - for the card of their choice. There is, also (of course), the check payment method - that can be included; however - it appears that when people write out checks, they are typically (in my opinion) - more financially disciplined, to take the time out to balance their check-books... upon making payment.

With payments made by a card, there is more of a tendency towards not balancing the account - because there is more of a compulsiveness that may go hand-in-hand with the swipe of the card. There may also be a lack of discipline/laxness that goes with the deduction (or - lack of deduction), of the numbers. Thinking that one can do the math in his or her head vs. deducting concretely - by-hand, may be a mistake that many make. That may be why the tangibility of cash or checkbook in-hand, may be a greater advantage, for gaining financial control - instead of losing that control, because of vague general estimates, that are deduced by abstract calculations - in regards to card-swiping compulsiveness.

Contrary to the compulsiveness, it may be far better for one's budget to do the opposite (of course). To obsess (or, simply ration with a sharper focus) - and to account for every penny, may be far more beneficial financially - for all who would like to get a grip on 'spending-like money grows on trees'...

A lot like it's easier to get to a destination, if you know which streets to take, and where they are located (of course); it's easier to buy what you (really) need, and can afford, achieving your financial destination, by knowing how much you may spend; where your money is; and where it is going.

If you always cross your tee's; and dot your i's - then you may be able to relate to the detail-oriented part of this article.

If you dream of plucking your money-tree, then you may be able to identify with the abstract related part of this article.

Hopefully - this slant on financial common-sense, will be applied in beneficial ways.

What is your perspective?

Original version published @

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Account, Budget, Card, Cashier, Compulsiveness, Finance, Financial Control, Obsess, Payments, Spend

Meet the author

author avatar Marlene A. Mania
Currently - I am also a contributor for Associated Content, Triond, Allvoices, Helium, Factoidz, and Qondio... alongside others.

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