Imagine you’re in Las Vegas. You walk into the casino, play a blackjack game, and win $1,000. Feels pretty good, right? But imagine the devastation of losing $1,000. For most of us, the feeling of losing money is enough to avoid playing blackjack altogether —...
From our genetic disposition to our environmental influences, each person’s mind works uniquely. And that includes the way we think about money. The psychology of money can help us understand the emotions and thinking patterns that drive spending, saving, and...
Let’s face it, thinking about your whole financial picture can be scary — especially if you know you’ve made some financial mistakes on your journey. But set your fears aside because this financial wellness guide is low-stress and easy to understand (even if...
As humans, it’s natural to take mental shortcuts when faced with difficulty. But, regarding finances, we may be over-complicating our approach because of our own behavioral biases. Let’s break down what behavioral biases are and how you can stop them from draining...
When you’re snuggled up on the couch binging your favorite shows, the immediate reward of remaining cozied up seems to far outweigh the delayed reward of going to the gym. The cognitive bias that influenced your decision to stay home is called present bias, and it...
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