“Surely, consumers argue, tanning salons wouldn’t be allowed if they were harmful – would they?” This is an example of social validation that Margaret Heffernan covers in her book Willful Blindness. Even though both The U.S Department of Health and Human Service, plus the International Agency for Research on Cancer both state that tanning beds have… Continue reading Do You Have Willful Money Blindness?
Author: Carrie Rattle
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.
If The World Stopped, How Important Would All of Your Appointments Be?
It might be fair to say that if some major tragedy hit us, a lot of our everyday activities would pale in comparison. They would lose priority, and relevance. After September 11, 2001 I was shut out of my office on Wall Street for 3 weeks. Upon return, everything on my desk just didn’t seem… Continue reading If The World Stopped, How Important Would All of Your Appointments Be?
Are You Spending, and Eating, on Automatic Pilot?
We all use the feeling or intuitive side of our brain more often than the thinking side of our brain. We get breakfast, ship the kids off to school, drive to work, fetch coffee, say good morning…all largely on auto-pilot. Mindless Eating If you think about it, we also eat that way. Brian Wansink, PhD… Continue reading Are You Spending, and Eating, on Automatic Pilot?
More Money May Not be the Answer
I started equestrian lessons about 3 years ago because I love horses and had dreamed of doing this most of my life. Aside from landing in the dust a couple of times, and being stuck on a stubborn horse facing into the corner of the barn, I also learned about some more bad money behaviors.… Continue reading More Money May Not be the Answer
The Shopaholic – Are You One? Part 1
It seems like there is tremendous wealth all over the world doesn’t there? We are hit with TV shows highlighting millionaires and all their toys; rich “Housewives” of whatever major city, and HGTV with their international home buyers. These shows become the standard – it seems everyone has wealth and toys everywhere so why shouldn’t… Continue reading The Shopaholic – Are You One? Part 1
Scams & Mind Games Parting You and Your Money
‘Tis the season to be…Scammed. I’ve had two in the last 2 weeks, and you really need to be on your toes to catch them. The Time Warner magazine renewal is especially obtuse these days. You certainly wouldn’t call it customer friendly or brand building! I had 4 magazines for 1 year free as the… Continue reading Scams & Mind Games Parting You and Your Money
Your Money Neuro Track
I’ve been a fan of Neuroscience for a few years now. It not only appeals to my inner geek, but it assists me in being the best coach possible for my clients. Did you know that our Amygdala, that has served us well since the dawn of time when it helped us decide on fight… Continue reading Your Money Neuro Track
Saving Money & The Marshmallow Test – Would You Pass?
Dr. Walter Mischel, PhD, conducted a test with 4-year old children in the 1960’s. The children were offered a marshmallow sitting in front of them. If they waited and didn’t eat it, they would receive two marshmallows instead. It’s a fun exercise all about self-control – regulating emotions and behaviors. Dr. Mischel is still following… Continue reading Saving Money & The Marshmallow Test – Would You Pass?
Dividing Your Money into Buckets – Good or Bad?
We all do it. We divide our money into buckets, physically or mentally for special purposes. There are buckets that are specifically defined by a financial structure, such as a mortgage or a 529 college savings fund. And then there are the other buckets that we mentally create to help drive our own behaviors. Sometimes… Continue reading Dividing Your Money into Buckets – Good or Bad?
How to Manage Your Money Buckets & Behaviors
In our last blog we talked about mental accounting – how we separate our money into buckets in our minds. If we were all completely rational about it, generally speaking we would look at what we earn on our savings, what we pay on our debt, how our taxes are affected, and pay off our… Continue reading How to Manage Your Money Buckets & Behaviors