Exploring how young people in China are embracing cash to categorize and manage expenses, leading to increased mindfulness in spending. The chapter also addresses the scarcity of cash payment options in urban areas and the behavioral effects of choosing cash over digital transactions.
If you're living in China, you know how ubiquitous mobile payments have become, rendering the physical wallet nearly obsolete! Today, let's go retro and think about the question: Can using cash help you save more? Is relying on good old-fashioned cash truly the secret to building up your savings? On the show: Heyang, Xingyu & Josh Cotterill