Have you ever noticed how the human brain favors the pleasure of instant gratification over the benefits of long-term health and well-being? Resisting temptation is difficult, and the inability to resist temptation underlies a wide range of money problems including overspending, accumulating debt, and failing to save enough money for the future. A recent study […]

Over the last three blog posts, you’ve learned about the limits to self-control, and you’ve learned how your impulses can sometimes take over your money behavior. Now take a look at the strategies for strengthening self-control. Here are the top ten tips: Gain knowledge about the “high risk situations” that may disrupt your progress toward […]

Over the past couple of blog posts, you’ve learned about the “unthinking side” of yourself, which includes the gut reactions and snap decisions that happen underneath the radar of your consciousness. You’ve also learned about the “thinking side,” which is the systematic, logical planning system that makes sure the impulsive self does not always get […]

This post marks the second in a four-part series aimed at understanding impulse control and why it’s important when it comes to maintaining our financial health. Last week, we looked at the “unthinking side” of impulse control: the impulsive self that operates underneath the radar of our conscious mind and makes quick decisions that sometimes […]

Research by Oettingen (European Review of Social Psychology, 2012) suggests that if we’re working on building good money habits, we might benefit from the “WOOP” exercise. Although it sounds like a fancy new dance step, it’s really just a quick mental strategy that helps you to predict what problems might get in your way and […]

It’s a new year and you’ve taken on a new money goal: saving more, spending less, or expanding your financial literacy. The self-help industry proposes that it can help you with these financial goals. Be careful! While some of the advice you read in self-help books may be sound, much of the advice perpetuates myths […]

Personal change is a popular topic this time of year as many individuals commit to New Year’s resolutions. As a reader of this website, you already know that successful attainment of self-improvement requires (1) setting a goal; (2) taking actions that lead you to your goal; and (3) monitoring your progress (allowing you to adjust […]

Hooray! I’m happy to celebrate three years of blogging about motivation, persistence, and impulse control and their relationship to financial health. It has been a great year. In July, I released my book Pocket Change: Using the Science of Personal Change to Improve Financial Habits. What a joy it has been to see this work […]