Financial Therapy for Money Fights: Myth vs Reality

Quick Answer: Financial therapy combines psychological support with financial planning to help people address underlying emotional relationships with money, and can effectively resolve couples’ money fights by helping them develop healthier spending and saving approaches. According to the Financial Therapy Association, this emerging field helps people think, feel, and behave differently with money, which is …

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Status Symbols: Why Some Consumers Overspend

Quick Answer: Consumers overspend on status symbols due to unconscious motivations to improve self-esteem and social image. World Bank research found people chose platinum credit cards 7% more often than identical generic cards, with lower-income consumers being most susceptible to status-driven purchasing decisions.A bunch of really smart people who can collect data and calculate cool …

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