Citation:

Hardik Mehta. "Hidden Costs in Everyday Payments: A Study of Cab Expenditure Among School Students" International Research Journal of Economics and Management Studies, Vol. 5, No. 1, pp. 144-147, 2026. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V5I1P117

Abstract:

People often overlook how small, routine payment behaviours can accumulate into meaningful financial differences over time. While this tendency is common across all age groups, this study focuses specifically on high school students to examine how the choice between cash and digital payments influences cab-related expenditure. Using survey-based data on weekly cab usage, preferred payment modes, and individual rounding tendencies, the study estimates the additional amount paid when using cash instead of exact digital payment methods. The findings quantify this spending difference, offering a clear understanding of how much extra money is unintentionally spent through rounding in cash payments.

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Keywords:

Cash payment, Digital Payment, Cab Fares, Rounding Behaviour.