The Psychology of Spending: Why We Buy

Most money mistakes are not math problems. They are emotional ones. In this episode of Purposeful Planning, Troy Fore, CFP®, looks at why we spend the way we do, how habits formed long ago still drive our choices, and a few simple practices that can help you spend with intention instead of on impulse. Sources: • The Psychology of Spending: How Emotions Impact Financial Decisions – Aspen Wealth Management: https://www.aspenwealthmgmt.com/resource-center/financial-planning/the-psychology-of-spending-how-emotions-impact-financial-decisions • The Psychology of Spending – MIT Spectrum (Prof. Drazen Prelec): https://betterworld.mit.edu/spectrum/issues/winter-1999/the-psychology-of-spending/ • Downsizing or Relocating: What’s the Right Move for Your Retirement? – Aspen Wealth Management: https://www.aspenwealthmgmt.com/resource-center/retirement/downsizing-or-relocating-retirement The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.  Hosted on Acast. See acast.com/privacy for more information.