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, […]