Recently I have begun a little habit of keeping my wallet empty.
Not because I have spent all my cash. But because it was never in my wallet the first place.
See, I notice this strange phenomenon occur when I break a $20.00 note with the intent to make a small purchase, something of only a few dollars. I make the small purchase and then, within a few hours, or a day, the rest of the $20.00 miraculously disappears.
It hasn’t been magically absorbed into the atmosphere. It’s been frittered away on purchases I really didn’t need but felt almost compelled to buy because, hey, I’ve got some spare change so why not!
It is similar to the 2 chocolate bar phenomenon, which occurs regularly in my life. Any chocolate bar that comes as a 2 pack, I open that pack with the intent to eat 1 of the bars. And save the 2nd bar for ‘later’. (Note: It is likely I brought this chocolate bar with the change from the $20.00)
It’s saved for later alright. 5 minutes later. I’ve inhaled both bars, when I only meant to eat one and I’m left with a nice little sugar buzz, holding an empty packet.
Exactly what happens when I break a note. Intend to break it for a small purchase. And save the rest. But in no time Im left holding an empty wallet, on my way to withdraw more cash.
I am realising more and more that the small things make a difference. When you have a small notes and a couple of coins rolling around in your wallet (your change from that $20.00), you really don’t think twice about spending it. And it’s normally on crap you don’t really need (eg – aforementioned chocolate bar)
Anyways, now I am trying to make most purchases via eftpos and carry as little cash as possible. And so many stores these days have very low (or no) minimum purchase amount. So, even small cashless purchases are easy.
Without that loose change rolling around, it seems I’m spending less and minimising cash withdrawals.
And eating less chocolate. Which isn’t always a bad thing 😉