Using Behavioral Finance to Curb Spending

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:

Using Behavioral Finance to Curb Spending

John F. Wasik is a freelance columnist for Morningstar.com.