Have any of these thoughts ever crossed your mind?
If I had more willpower, I’d achieve my financial goals.
I’m doomed to fail with money.
Budgets suck. They only show me what I did wrong and make me feel horrible.
If so, you’re not alone.
It’s not that you lack willpower.
It’s not that you’re doomed to fail with money.
It’s not that you’re a horrible person for blowing your budget.
It’s that you’re human.
And humans make emotional decisions all the time. Decisions that often defy logic.
But making emotional decisions doesn’t have to be a financial death sentence. Money management is a skill, which means we can improve.
When we understand the “why” behind our decisions, coupled with the marketing tactics that retailers use, we can guard ourselves against cognitive biases and sales strategies.
That’s what today’s guest is here to discuss.