Ever wondered why you love using your credit card so much? Then read on to uncover the psychology that determines our financial decisions.
Browsing: Science and Nerdy Stuff
From applying smart marketing techniques and carrying out research to using clever tricks, e-commerce websites are doing it all to make you open your wallet.
Swiping our credit card has its conveniences, but research in consumer behaviour proves that paying for cold hard cash is better for you.
The way your brain thinks about money may be flawed. Get into your own mind and combat the common cognitive biases that may be encouraging you to make the wrong financial decisions.
Singaporeans are so gullible! We’ve heard this phrase as often as we hear someone being ripped off. But before we accept this boxed-in conclusion about our not-so-smart behavior, science and psychology give us clues on why anyone can be cheated.
Learn the secrets tactics that salespeople use to make you buy more than necessary – and why your brain tells you it’s okay.
How you make payments affects how much you end up buying. According to science, the convenience of paying via plastic and other contactless methods may make you a whole lot poorer.
It would seem obvious that those with higher incomes, if not savings, struggle less with basic needs and are more likely to be happier than those fighting to stay afloat financially. But putting this statement to the test of science, research shows that money alone doesn’t guarantee happiness and when it does, only to a limited extent. What really matters is how you spend and use your money. Take these tips from researchers on making your money and your life count.
Too many failed dinner and movie dates can break your heart and your bank. Let science guide you in increasing your chances at romance while keeping your date expenses low.
Behavioural scientists have figured out why you spend and can’t seem to save. Take these cues from science to build a regular savings habit.