behavioral economics

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  Why People Make Poor Decisions When They Have Money Troubles and Debt Problems

  I’ve been helping people with financial problems since 1994. My passion for assisting others with this struggle was because I lived through my own set of financial misery in 1989. After going through that process I was...

  • Posted August 29, 2018
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  Researchers Again Prove Some Consumers Are Suckers for Status

  A bunch of really smart people who can collect data and calculate cool looking math formulas have again told us why people are driven by unconscious motivations that lead them into debt. Debt is never the problem...

  • Posted June 7, 2017
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  Do You Want to Know Why You Are Absolutely Setup to Fail When Dealing With Your Debt?

  As someone who has helped people with debt and money troubles since 1994 I’ve seen thousands and thousands of consumer situations when dealing with all sorts of debt. From mortgages, credit cards, car loans, bank loans, personal...

  • Posted January 2, 2017
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  What Can I Do to Take Charge of My Horrible Finances and Get Out of Debt?

  Question: Dear Steve, I am a Navy Veteran, who became a stay at home mom, who came from a line of stay at home mom’s, who was an entitled child who didn’t have to earn or learn...

  • Posted August 9, 2016
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  Spend Money – Get Shocked

  Here we are in the middle of 2016, and technology has never been at a greater height, nor has it ever been used in the manner it is being used for. To my mind the greatest use...

  • Posted May 23, 2016
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  Two Things to Do When You Are Asked if You Want a Store Credit Card

  We’ve seen the situation a hundred times while standing in line to checkout at a store, the person in front of you is asked if they want to apply for a store credit card and get a...

  • Posted February 14, 2016
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  The Moral Ill Effects of Teaching Economics

  One of the first experiments to test the hypothesis that teaching economics is debasing people’s morality was conducted by Gerald Marwell and Ruth E. Ames. They designed a game where participants were given an allotment of tokens...

  • Posted March 27, 2015
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  How Men and Women Do Saving and Splurging Differently

  He spends, she spends! When it comes to gender and money, there’s no shortage of stats on how the sexes stack up. But while you’re probably used to hearing those differences dissected in discussions of salaries and...

  • Posted February 27, 2015
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• Dan Ariely and I Sit Down and Talk About the Behavioral Economics of Getting Out of Debt

  Dan Ariely, a world recognized behavioral economist and I had an opportunity recently to sit down and talk about a number of issues and underlying unconscious choices that lead people in debt to make good or bad...

  • Posted December 7, 2010
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• Don’t Stop Shopping for Fun When You Can Spend Less and Get a Bigger Emotional Benefit

  The other day I was sitting in the office of Dan Ariely at Duke University and we were chatting about behavioral economics from the point of view of getting out of debt. During the conversation the comment...

  • Posted November 19, 2010
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• Shop-O-Nomics: How the Missing Dollar Sign Makes You Spend More

  I’m giving your reading muscles a break today and instead of writing you an article here’s a video based on a study put out by Cornell University in 2009 about the “Effects of Menu-price Formats on Restaurant...

  • Posted September 15, 2010
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• Who Do You Think Cheats More: Bankers or Politicians?

  I was doing some research on Dan Ariely, a fabulous behavioral economist who I’m hoping to interview. In my research I came across the video below. So before you watch it. Who do you think cheats more,...

  • Posted August 8, 2010
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• Have Consumers Really Learned Not to Spend on Credit Cards? Nope.

  I wish I could remember who I was having the conversation with a year ago about consumers will have learned a fundamental lesson about how to manage money as a result of this economic downturn we’ve faced...

  • Posted March 15, 2010
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• Advertisers Are Way Smarter Than You in Getting You to Spend Money When You Didn’t Want To

  I’ve written a lot about how shopping malls, and stores are deigned to intentional trigger your subconscious impulses to get you to spend money. And then when people do, they are cursed by their creditors for being...

  • Posted February 21, 2009
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