Etini
Valued Contributor
Back in the days of checkbooks and long bank queues, the thought of going to the bank to withdraw money was not a pleasant one. Now we have ATM cards and ATMs. With this technology, you can access your money anytime, any day. And I think the disadvantage of it all lies there. With ATM cards lie the highest propensity to undertake unbudgeted spending.
Just imagine you step out at night and you see a watch that is really attractive. That watch would have probably passed in the era of checkbooks because buying the watch would have been the following day. But with an ATM card, all you need to do is just to swipe. I had to drop my Atm card at home so I don't get to do impulse spending. I believe everyone can attest to the fact that your financial discipline is being stretched to the maximum with the possession of an ATM card.
Just imagine you step out at night and you see a watch that is really attractive. That watch would have probably passed in the era of checkbooks because buying the watch would have been the following day. But with an ATM card, all you need to do is just to swipe. I had to drop my Atm card at home so I don't get to do impulse spending. I believe everyone can attest to the fact that your financial discipline is being stretched to the maximum with the possession of an ATM card.