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Category Archives: Money Management
Train Your Brain to Spend Smarter: A Chat With BeyondThePurchase.org
A few months ago Linda Lombardi, a writer for the website Learnvest, asked us if she could conduct a Q & A to learn how our research helps people spend and save their money in ways that result in the most happiness. While … Continue reading
How can I Reduce my Compulsive Spending Habits?
Last week I wrote about how a lack of money management predicts individuals’ compulsive spending, regardless of their personality, gender, age, and income. These results were based on a study (Sadness, Identity, and Plastic in Over-shopping) published in the Journal of Economic Psychologywhich was conducted with two students of mine former … Continue reading
Money and Happiness: The Costs and Benefits of Living for Now
Psychologists describe people who focus attention on the activities and events happening in the present as having a present hedonistic time perspective. We were interested in identifying the costs and benefits of “living for now.” In this study we measured people’s … Continue reading
Posted in Happiness, Money Management, Research Findings
Tagged benefit, challenges, compassion, desires, detrimental effects, emotion, emotions, experiences, love, money management skills, nbsp, novelties, personality factors, perspective report, perspectives, psychologists, savings management, tendency, time orientation, time perspective
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Money and Happiness: Materialists Not Happier When Purchasing Life Experiences
Every day more and more people are trying to understand the relationship between money and happiness. Numerous studies have shown that spending money on life experiences, compared to material possessions, improves psychological well-being. However, not everyone feels happier when purchasing life experiences. Psychologists … Continue reading
Posted in Happiness, Money Management, Research Findings
Tagged adults, colleagues, extrinsic goals, happiness quiz, jia wei, material possessions, money and happiness, motivation, motivations, nbsp, people, personal satisfaction, possession, psychological consequences, psychologists, quiz results, relationship, spending money, wei zhang
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If everyone is winning, how come we all lose so much? The perils of hot stock tips
I have a friend — we’ll call her Ai — who has made some disastrous investment decisions. You see, Ai worked for a long time in the high tech sector, where Ai was exposed to a large number of tech … Continue reading
Sunshine on my portfolio makes me happy
There are armies of very smart, very well educated, numbers- and facts-focused people on Wall Street and in other stock exchanges around the globe. The sharpest minds from the best schools compete at the highest levels for any advantage at … Continue reading
How to Budget so that Your Emotions do not Affect your Financial Stability.
In the current economic climate, it is perhaps more imperative than ever to be able to learn how to manage money. Pensions may not exist by the retirement age for most young people today as a direct result of this … Continue reading
And the poor get poorer: How our life histories shape our response to financial trouble
When “primed” (reminded, made to think about) with threats to their financial wellbeing, people who were poorer as children were more likely to respond by making more impulsive, riskier choices than usual, whereas people from more secure backgrounds did the opposite. Continue reading
