RE: Does mobile money help you save more or spend more?


With easy access to money, it’s easier to spend than to save. Compared to your current or savings account, how has mobile money technologies affected your savings behaviour?

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I notice that though mobile may is a smart way to make transactions, has a flaw in that it makes a person spend unwittingly; because you can make quick transactions without having to endure stress of the bank but rather can make quick purchases that you wouldn’t like to do, hence the adverts being sent to users by their network operators to purchase this that etc. There should be a limitation on how much to withdraw in a week or month just as some banks do to encourage savings to solve the flaw.

Answered on May 13, 2017.
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