On a psychological level, choices about spending and saving are not merely matters of dollars and cents because our emotions and well-being are also at stake. A financial plan that makes sense in accounting terms but leaves us feeling miserable is no solution at all. Fortunately, recent research on the psychology of money and happiness can provide valuable guidance to people trying to achieve the twin goals of being thrifty and happy. Psychologist Jeremy Shapiro explains.
Posts Tagged ‘frugality’
Money and Identity: Am I What I Buy?
May 10, 20115 Important Money Lessons to Teach Your Kids
March 5, 2010If the economic crisis of the last couple of years has taught us anything, it’s that we Americans could stand to make a few adjustments to our money approaches. Fortunately, it appears that at least some of us are making positive changes. For one, Americans are saving more; the personal savings rate (percentage of disposable [...]
