Does holding an ATM card encourage people to spend impulsively?

[King Belieal]

I have seen many people say that they don't want to own an ATM card just because they don't want to get involved in impulse spending. I don't think that to be true. Do you think one is most likely to spend impulsively without budget because they own an ATM card?

 

[Springtime]

I do not think owning an ATM card or even a credit card will get someone involved in impulsive spending. That all depends on the individual's self-discipline.

 

[eLdavis]

In some cases yes, holding an ATM card often makes people spend more than they should. It gives them easy access to the money.

 

[Kross]

Whether you are carrying your phone or an ATM card, you would still spend impulsively if you don't have discipline.

 

[freelancermaria]

Whether you are carrying your phone or an ATM card, you would still spend impulsively if you don't have discipline.

Discipline is essential. Without it, you will spend impulsively, whether or not you have an ATM card.

 

[magnus2022]

I think it depends on individuality and upbringing. Some people are simply impulsive once they have credit card. I can hold my debit card and i will not spend a dime if am not in need of anything. All boils down to personality and individuality.

 

[Min George]

I don't get to spend when I don't see a valid reason to spend. Even if I carry cash, I won't spend it.

 

[Nomad]

It is related to thought process rather than having easily spendable money like cash or debit/credit cards

 

[Augusta]

Yes, retailers will withdraw additional cash back at the checkout counter when making a purchase if need be