The “experiential advantage” is not universal – the less well-off get equal or more happiness from buying things Being rich(er) may not guarantee happiness, as shown by ample evidence from the social sciences, but there are ways of spending money … Continue reading Experiential happiness
Four Definitions of Money. All Correct. Money makes the world go round. That may well be true, but money certainly makes the economics world go round. It’s the discipline’s special purview, the numeric linchpin that gives economics its dominant role … Continue reading The sense of money
Does receiving favours and freebies make you uncomfortable? Maybe you have “reciprocity anxiety” Years ago, my wife and I were window shopping in the Brighton lanes when we decided to enter a posh perfume store to take a closer sniff. … Continue reading Reciprocation anxiety
All the human flaws and biases that prevent you from managing money better It’s not your fault, you’re only human. But because you are a mere mortal, you’re bound to be making some, let’s say, suboptimal decisions. Humans have systematic … Continue reading Your worst enemies
How to Cope When Debt Damages Your Mental Health So much writing about personal finance focuses on the basics, like sticking to a budget or paying off debt. The emotional toll of money, however, is often missing from the conversation. … Continue reading How do you feel about debt?
Save Money and Reset Your Financial Life With a Shopping Ban For many of us, the beginning of the year involves cutting back: on Negronis, Nutella, Netflix, on whatever we previously overindulged in — which often includes unnecessary spending. But … Continue reading Consider the bigger picture
Will You Outlive Your Money? Methuselah was lucky. The Biblical stalwart lived 969 years without any reported money worries. Like him, many Americans now survive to an advanced age—although nowhere near the record set by the man who might have … Continue reading The fear of living longer