Behavioral Finance

Financial Intimacy: Romance on a Budget-10 Cheap Date Night Ideas to Revive the Love

By Clari Melo, Contributor, Fea Money Financial Literacy School. Photo Credit Unsplash When you find the love of your life, life takes on different hues. It becomes completely different to what it had been earlier. Each day becomes an opportunity for meeting, conversing or sharing new experiences with that special someone in your life. The routine things …

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The Money Psychology: Minimalist Living and Sensible Spending

By Evan Gerdisch, Contributor, Fea Money Financial Literacy School. Photo Credit Unsplash The modern and oft-blogged view of minimalism appears to be at once very old and very new. The term itself was first widely applied to art and design trends in America during the 1960s and 1970s, but its guiding philosophies are much older. Certainly, the …

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The Money Psychology: What Is The Decoy Effect?

By Rachel Lane, Contributor Fea Money Financial Literacy School, Photo Credit Unsplash If you’ve ever had to decide between purchasing three items – maybe it’s different options for a newspaper or different sizes of olive oil – and opted for the middle-priced item, you have experienced the decoy effect! As human beings, we like frames of reference …

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Lifestyle Inflation: How to Recognize and Avoid It

by Melissa Horton, Expert, Editor Fea Money Financial Literacy School. Photo Credit, Unsplash Lifestyle inflation is best described as a vicious but often unrecognized cycle of financial or spending increases. When income increases (even by a small amount), spending—not saving—increases at a similar rate. Each time a promotion, raise, or job change occurs, many people fall victim …

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The Power of Habit as It Applies to Personal Finance

by Rachel Lane, Contributor Fea Money Financial Literacy School. Photo Credit Unsplash You may have heard the phrase, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Paraphrasing Aristotle’s wordy passage in the Nicomachean Ethics, Will Durant penned this phrase in a small book entitled, “The Story of Philosophy.” Everything about …

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