Financial friction maxxing helps curb overspending and impulse buying

5 articles · Updated · KSTP · May 5

Experts advise deleting saved payment details, disabling one-click purchasing and removing shopping apps to add barriers before spending.
They also recommend reducing time on social media and online scrolling, where targeted ads and easy checkout can encourage unplanned purchases.
A waiting period of 24 hours or even a week before buying is suggested to slow decisions and reduce regret over unnecessary online purchases.

As consumers add 'friction' to save money, how will online retailers who rely on impulse buys adapt to survive?

Is the battle against impulse buying actually a fight to reclaim our decision-making from persuasive technology?

Will future payment apps become financial guardians with 'good friction,' or just find new ways to encourage spending?