7 Behavioral Finance Biases That Influence the Way You Spend and Save
Ever wondered why some people spend impulsively while others scrupulously save every dime? It's not just about your personality or upbringing—rather, it's influenced by a fascinating field known as behavioral finance. This intriguing domain explores how psychological factors impact financial decision-making, often leading us to act irrationally regarding money. Like having a mirror that reflects both your strengths and blind spots, understanding these biases can help transform how you interact with your finances. Let me walk you through seven common behavioral finance biases that sway how you spend and save, making even the most seasoned savers want to reassess their strategies.
