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Paycheck Effect

Do You Spend More Money on Payday?

It feels good to see the amount in my checking account going up instead of dropping. But I'm wondering if payday causes you to splurge a little more than normal. There is something called the "paycheck effect" in which people's spending seems to be much more during the payday weeks. What about you — do you spend more money on payday?

Source: Thinkstock
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