She said she had to make more "friction" between herself and spending money to curb her bad habits. Understanding I wasn't alone helped me change my spending habitsI have always been a spender and often lived paycheck to paycheck. I was barely contributing to my retirement savings. Saving money is hard for many people at all income levels. Digital payment has removed a lot of friction from the act of spending money.

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Persons: Anne Lester, Lester, —, Morgan, I'm, I've, Ofer Zellermayer Organizations: Morgan Asset Management, Service, Capitol, Chase Bank, Carnegie Mellon, Research Locations: Tokyo, Italy, J.P