Psychology of spending: How to create good spending habits and avoid keeping up with the Joneses – Mary Holm
I’m not saying that applies to every purchase. We can all look back on certain holidays or concerts with great pleasure, or point to items in our homes that we’ve loved for years. But those are the standouts. So much of what we buy just becomes the new ordinary. Next time you buy a treat, […]
Money tips to align spending with values and feel richer – Nadine Higgins
Hopefully the moral of the story is clear: the power of perspective. It’s often not your situation that is the problem, but how you view it and what you’re comparing it to. (I hasten to add the takeaway isn’t “make your situation worse so you can appreciate what you once had”). At this time of […]
The wealth effect: How perceived prosperity drives spending—and how to stay in control
As you enter your apartment, you unlock your phone again to find the app still showing the discount on the latest model of your 18-month-old phone. Without much thought, you click ‘Buy Now.’ Read this | Navigating – and optimising – the three phases of wealth creation What’s at play here is the “wealth effect,” […]
How to instill good money habits in teenagers
Nidhi is the mother of 14-year-old Abeer, and has been having difficulty managing his demands. She keeps a close watch on how the money is spent and is confident that her son doesn’t have any bad habits. However, Abeer wants the latest electronic gadgets, money to spend in school every day, and over the weekends, […]