When making financial decisions, it's clear that our choices are more emotionally driven than we might expect. Hidden beneath our choices are strong mental biases that influence how we think and act. By examining three of these biases—confirmation bias, loss aversion, and mental accounting—we can see how our financial behaviors mirror wider patterns common across different cultures and economic systems.

With the current economy's ups and downs, families are carefully evaluating the affordability and value of investing in higher education.

Making good financial decisions is crucial for achieving our goals and securing our future. Unfortunately, we often make poor money choices despite our efforts. In this post, we'll explore why we make these mistakes and offer practical advice to improve your financial journey.

Mortgage Interest Payments Purchasing a home is a significant financial …

Money and Happiness Ten key principles explain how money and …

President Biden’s recent tax reform proposal has sparked discussions about …

The Allure and Pitfalls of Comparison In today’s hyper-connected world, …

The journey to financial freedom is not just about crunching numbers; it's a psychological expedition that requires mindfulness, discipline, and consistency. While the mechanics of money—earning, spending, saving, and investing—are straightforward, the psychology behind these actions is what truly sets you on the path to financial independence.

In the intricate web of life, we often find ourselves …

There's a tendency in our world today to view financial decisions as a series of disconnected snapshots. We make isolated choices, focusing on the immediate impact without considering the broader narrative of our lives. This approach, though seemingly practical, is akin to viewing a tapestry thread by thread, missing the grand design that emerges only when we step back.

In navigating the sometimes turbulent waters of family or couple financial discussions, Non-Violent Communication (NVC) offers an effective compass. Developed by psychologist Marshall Rosenberg, NVC encourages empathy and compassion in conversations, making it particularly useful for sensitive topics like finances.

Striving for Enough – Financial Independence Many people strive for …

As a creative freelancer, it's essential to establish a solid financial foundation to ensure long-term success. Start by creating a budget that accounts for all your income sources and expenses. Visual aids like spreadsheets and budgeting apps can be extremely helpful in tracking your cash flow.

Planning Around Variable Income Managing finances can be particularly challenging …

Passive income is income earned without having to work for it actively. This can include rental income from investment properties, stock dividends, royalties from creative works, and more.

Money may provide a sense of security but cannot address our underlying existential anxieties. These fears are intrinsic to the human condition and cannot be fully resolved through material wealth.