Electronic payments make people have no concept of money

In recent years, the rise of electronic payments and self-publishing platforms have led to a new mindset about money among Chinese netizens. While these innovations have made financial transactions easier and given people the chance to earn money through self-media, they have also contributed to overspending and a lack of awareness about personal finances.

A recent conversation on Chinese social media has sparked debate around this issue. Some users point out that electronic payments can make people lose track of their spending, only realizing how much money they've spent when they reconcile their bills. Moreover, the proliferation of self-publishing platforms has given rise to an inflated sense of earning potential, with many believing that making a million dollars is simply a matter of time and effort.

However, reality often differs from these expectations. Many users have shared their experiences, revealing that a monthly income of 300,000 to 400,000 yuan (approximately 45,800 - 62,400 USD) is the limit for most people.

One user's story highlights how their young child became accustomed to using electronic payments and lost touch with the value of money. They started giving their child pocket money in exchange for completing chores, teaching them valuable lessons about saving and budgeting.

The conversation also explored the convenience of electronic payment systems, such as Alipay and WeChat Pay, which have become an integral part of daily life for many Chinese citizens. However, these platforms can sometimes encourage impulsive spending through features like one-click payments or automatic renewal of subscriptions.

To address this issue, some users suggest setting fixed amounts to be deposited into a bank account each month and avoiding the use of online loans. These practices could help individuals better manage their finances and avoid overspending.

In conclusion, while electronic payments and self-media platforms have brought about numerous benefits, they also carry risks in terms of financial literacy and responsible spending habits. By becoming more aware of our own income and expenses, we can learn to manage our money more responsibly and avoid wasting resources on