Financial Accuracy

While Paris Hilton is out spending exorbitant amounts of money trying to find her new BFF, the reality for you is by putting your BF in your wallet, you can actually save money.  Unlike Paris, your BF doesn’t necessarily mean “Best Friend.”  Nope.  For you, I’m talking about Benjamin Franklin.

The inventor of the lightening rod among many other notable successes made this man praiseworthy.  He was one of the most influential men in history, possibly being the reason his headshot was put on the one hundred dollar bill.

A recent study to be published in the Journal of Consumer Research says that when someone goes out, they are less likely to spend their money if they are just carrying a Benjamin on them.  The study showed that when people were carrying Franklin’s cash colleagues (Washington, Lincoln, Hamilton, Jackson, and even Grant), they were much more willing to spend without guilt.

This is an amazing discovery, but of course it won’t work for every single person.  However, you never know if it will work until you try it.  During this economy bust, people are tending to give $100 bills a high value and are perhaps treating it as a symbol to tell them they aren’t completely broke yet.  For more insight on this topic and to find out a little more as to why having a BF in your pocket will actually save you money, head over to:

http://www.time.com/time/business/article/0,8599,1887485,00.html

If you want to try this experiment out, please leave a comment and let me know how it went.  I am extremely interested in the results and will be testing it out myself.  I thought about replacing everything in my wife’s wallet with Benjamins, but maybe I’ll just try it out for myself first.