How people think (and feel) about digital money

Anette Broløs, Erin B. Taylor, Jillet Sarah Sam and Shriram Venkatraman

Chapter 6 in Digital Human Finance, 2026, pp 93-106 from Edward Elgar Publishing

Abstract: This chapter examines how digital money and financial services are reshaping people's perceptions and practices regarding money. It explores the shift from cash to digital transactions, analysing how this transition affects spending habits, budgeting and long-term planning. We delve into the social dimensions of digital finance, including its impact on social connections, remittances and community formation around financial topics. It discusses the convenience and risks associated with digital payments, as well as the role of personal preferences and cultural contexts in shaping payment choices. Furthermore, it investigates how digital tools influence financial planning, from short-term budgeting to long-term investments and retirement planning. The chapter concludes by highlighting the social nature of digital finance and its potential to enhance or disrupt social relationships and trust.

Keywords: Digital Money; Payments; Planning; Behaviour; Attitudes; Change (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035344925
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