The Psychology of Impulsive Spending

spending


There is a lot of overlap between psychology and economics, because both focus on certain aspects of how we make decisions.

When I look at the current state of our economy – especially growing personal debt and low credit scores among consumers – I often wonder what psychological factors are driving this behavior.

The Myth of Overnight Success

I hate to be the bearer of bad news, but it is important to me that I’m realistic about self improvement and success. I read a lot of different blogs and sites on self improvement, and I notice that it is popular (and probably more profitable) to give others a false image of instant gratification. (more…)