Kristin Wong posted a great article on the GetRichSlowly.com blog in July about how our brains our money habits. For example did you know we are less likely to spend a larger bill? Kristin starts out:
I’ll admit it. I’m a sucker for money psychology studies. And it’s not just because I write about money. On a sheer curiosity level, they’re fascinating.
But they also serve as a great reminder that money is more about mind than it is about math.
It’s interesting to see exactly how our brains work when it comes to habits like spending and saving. And not only is it interesting, it can be helpful too. Understanding how we’re wired helps us have a better understanding of our own individual money habits. This is why articles on sneaky marketing tactics are so popular — they’re helpful! It helps to know how our subconscious is manipulated to spend more so we can consciously do something about it. Read the rest here…
I invite you to read this article and then come back here and tell us what you think.Wishing you well,
Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.