Dollars and Sense is an enjoyable, non-technical overview of some of the ways we make bad money decisions and a few ways we can get better. The primary author, Dan Ariely, is a well-known behavioral economist who has written extensively about how predictably irrational we can be. The other author is a comedian (with a middle-aged white-guy sensibility), which … Continue reading Ariely Redux: Dollars and Sense Explains How We Make Money Mistakes
The Budgeting Blues. Like flossing one’s teeth, everyone knows we’re supposed to budget regularly. Yet it’s not surprising that less than 40 percent of Americans floss daily and a similarly low proportion have saved enough to meet an unexpected $500 bill. Coincidence? The benefits of both are intangible and in the future, while the inconvenience … Continue reading Beat the Budgeting Blues
Just in time (actually a day late) for #FinHealthMatters day, try this quick financial health check up! Don’t worry: zero co-pays here and your answers are confidential because they’re not tracked. The Center for Financial Services Innovation has developed an eight-point scale to help financial institutions adjust their products and services to “… focus on improving consumers’ lives.” … Continue reading How is your Financial Health?
Many of the most important decisions we make involve trade-offs between the present and future. How much of my income should I save today for my retirement? What costs should governments incur today to reduce the risk of catastrophic climate change in the (hopefully) distant future? How should businesses allocate investments that pay off in … Continue reading Future & Present: Where Brains, Math and Ethics Collide