Question of the Day (Updated): How many payment transactions does a consumer make in a typical month?

Sep 02, 2020
Question of the Day, Budgeting

Answer: 72 transactions on average


  • How many payment transactions do you make in a typical month? 
  • What are the various ways that you pay for things? List them from most to least popular. 
  • How do you keep track of your payment transactions? 
  • How do you think the way you pay for things might change as you get older? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Federal Reserve Bank of Atlanta):

"The most frequently used payment instruments were debit cards (34 percent of all transactions), cash (24 percent), and credit cards (23 percent). Over the 11 years of the survey, debit, cash, and credit have consistently been the most popular ways to pay. For the first time in 2018, debit cards replaced cash as the payment instrument used most frequently for in-person purchases.

The share of consumers adopting mobile apps or mobile online accounts (such as Android Pay, Apple Pay, Samsung Pay) increased from 40 percent to 60 percent."


This NGPF activity PLAY: Payment Decisions, allows students to determine which payment type to use in different scenarios.


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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.