For round nine of our “Leave it to the Pros” series, we’re doing something a bit different. Today, we’re sitting…
Tag: psychology of money
Credit cards are at the root of most national discussions about debt and financial security. Whether you carry a balance from month to month or always pay your credit card in full, using it as a cash management tool, most Americans would like to reduce their reliance on credit cards. Find out why we keep buying on credit and what lessons we can learn to lead more productive financial lives.
Good relationships with money – like good relationships with people – require a balance between fun in the present and security for the future. The key is to respect both priorities and go back and forth between them in an efficient way. To succeed at this balancing act, we must learn how to enjoy ourselves today without creating problems for tomorrow and how to build a secure future without feeling deprived in our day-to-day lives. Recent research on the psychology of money and happiness provides good ideas for balancing the needs of the present and future. Psychologist Jeremy Shapiro discusses five of them.
On a psychological level, choices about spending and saving are not merely matters of dollars and cents because our emotions and well-being are also at stake. A financial plan that makes sense in accounting terms but leaves us feeling miserable is no solution at all. Fortunately, recent research on the psychology of money and happiness can provide valuable guidance to people trying to achieve the twin goals of being thrifty and happy. Psychologist Jeremy Shapiro explains.
The economic downturn has produced a surge of interest in smart shopping and money management, as everyone searches for ways to buy more stuff with less money. These strategies can only accomplish so much. We also need ways to get more happiness from less stuff. Psychologist Jeremy Shapiro explains.