Overcoming Financial Stress With The Saver And The Spender
Episode 54: Cognitive Biases & How they affect our money and spending Part 2 of 6
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:16:05
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Part 2 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Availability Heuristic bias is impacting the way we think of ourselves as money managers In this episode we'll talk about: Availability Heuristic - what it is and how it’s being used to affect my decision-making How this shows up on a regular basis for us How it’s impacting the way we think of ourselves as money managers How we can overcome this bias Additional strategies and tips: ASK YOURSELF---> What do your older memories say about how you are as a money manager? What do your newer/more recent memories say about how you manage your money? How are you allowing these older memories to influence your current decisions? What decisions have you made recently without looking to statistics - or using your budget? Su