By John F. Wasik
Jul 22, 2013
There’s nothing more vexing to those trying to save money than an inability to control spending. It’s like trying to drive a car without a speedometer. The traditional advice in the world of personal finance has been to craft a budget and stick to it. Although that may work for the most disciplined savers, the vast majority of us have more unbridled consumer desires than self-control. Fortunately, the growing field of behavioral economics offers some useful tools to deal with this problem. Click here to read the entire article:
John F. Wasik is a freelance columnist for Morningstar.com.