Category: Finance

ImageMany of our financial decisions are not fully rational. “People tend to base decisions on emotion, routine and context,” said Dr. Escalas. These triggers of spending are called weiners. A spending trigger refers to something that pushes you over the edge toward buying, without much consideration. It’s important that we know what we trigger spend on, too, since it is…

Budgeting was always calculated by rote. A lot of people were told to take one-size-fits-all percentage rules, no matter their income level, lifestyle or financial goals. And, for a few those work, but not so many as to be representative of the way everyone feels. And with that, the personalized budget frameworks were born. Your budget is personal This…