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

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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

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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

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Why Do Shopping Addicts Keep Spending Their Money?

Did you know that approximately 10 percent of adults in western countries are believed to have a compulsive spending disorder? Their spending habits lead them to lose control over their buying behavior, and this trend is on the rise. Interestingly, … Continue reading

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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

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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

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How newfound financial clarity is changing how I spend

I’ve never been great with money, and up until recently, my wife and I had no clue about how much money we had, how much we spent, or how much we owed. Income was automatically deposited, automatic payments were set … Continue reading

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