The now-popular “cash diet” hails that paying in cash is more painful psychologically than via credit cards, which in turn helps people save more. A study by NBS finds that paradoxically cash can sometimes backfire and cause people to save less and forego lucrative financial opportunities. Has cash really been dethroned? Asst Prof Mansur Khamitov, NTU.

<p>The now-popular &ldquo;cash diet&rdquo; hails that paying in cash is more painful psychologically than via credit cards, which in turn helps people save more. A study by NBS finds that paradoxically cash can sometimes backfire and cause people to save less and forego lucrative financial opportunities. Has cash really been dethroned? Asst Prof Mansur Khamitov, NTU.</p>

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