UPI Micro-Spends: The ₹99–₹199 Trap That Adds Up by Month-End
• UPI micro-spends, like ₹99-₹199 transactions, can add up significantly by month-end without you realizing.
• Tracking spending, setting a budget, and questioning purchases are key to avoiding the micro-spend trap.
• Mindful spending on UPI leads to increased savings, reduced financial stress, and better financial planning.
Small UPI payments accumulate into significant monthly expenses
In today's digital age, Unified Payments Interface (UPI) has revolutionized how we transact, making small, frequent payments incredibly convenient. However, this ease of use can lead to a subtle but significant financial pitfall: the accumulation of micro-spends. These ₹99–₹199 transactions, seemingly insignificant on their own, can snowball into a considerable sum by the end of the month, often without us realizing the extent of our spending.
Related News