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Tag 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
Many people do not have $1,000 saved for an emergency.
A few years ago I read a story in CNN Money (Most Americans can’t afford a $1,000 emergency expense) that reported over 60% of Americans did not have enough money in their savings or checking accounts to pay for a … 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
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
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