Money Monday: Tips on changing your financial impulses

Behavior hacks to avoid your worst money impulses, by CNN.

“Here are the biggest money challenges facing us right now…and how to get yourself to do the things you already know you should do.” “From Dan Ariely, a behavioral economist at Duke University and the author of the new book, written with Jeff Kreisler, “Dollars and Sense: How We Misthink Money and How to Spend Smarter.”

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Problem 1: Invisible savings

Behavior hacks:

“Talk about what you’re saving, early and often. Yes, we’re also terrible at talking about money, but young people are more likely to do it than older people. The more we make visible what we are saving the better we’ll be at understanding it and comparing it, according to Ariely.”

Problem 2: Painless payments

Read the behavior hack and more on the article here: “Behavior hacks to avoid your worst money impulses“.

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