Learn more about moneyandinvestments with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Financial literacy - the ability to understand how money works in your life - is considered the secret to taking control of your finances
Most of our decisions around money are emotional; no amount of nitty-gritty knowledge about interest rates will change that.
We know we should spend less than we earn and save for the future, but many people find it really hard to do that
An individual's relationship to money and the emotions it brings up starts when we're young.
Exercise: Think about how money makes you feel.
Document how you feel when you're shopping online, sending digital cash to a friend for drinks, opening bills, or getting your paycheck.
When we experience financial shame, it can make it hard to ask for help, learn about money, or take necessary steps to improve financial well-being.
Four things that help alleviate shame: personal vulnerability, critical awareness, reaching out, and speaking shame.
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