Title: The Psychology of Money - Saving and Spending Habits
Headings: The Psychology of Money – How Saving and Spending Habits are Programmed in Your Brain
The Psychology of Money – How Saving and Spending Habits are Programmed in Your Brain
Brain Activity
The Spenders
The Savers
Final Word

Content: When it’s time for something pleasurable, like a vacation, distance yourself by paying with a credit card. You’ve already set your budget and you have the cash to cover it, so now you can take your mind off of the expense and relax. Be vocal about your spending goals. When you’re planning to make an exciting purchase, even if it sounds like a boring necessity, tell everyone you know and set a date to close the deal. Treat your purchases as a reward for something that you’ve done well, so they’ll take on more value in your mind. Think of your future : Do you really want to have regrets over the things you didn’t do because you wouldn’t spend some money on enjoyment? Final Word
Ultimately, we’re the ones who are in charge of our financial present and future. It seems odd to me that we’re driven by an aspect of our brains that we don’t even fully understand. But fortunately, this knowledge just might be what it takes to overcome our bad habits – whether that means excessive spending or frugality – and live our lives to the fullest, responsibly.