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 […]

One of the most common complaints I hear in my change group is that people feel “stuck” or “paralyzed.” They are ready to change a habit, and yet despite their good intentions, they feel unable to begin taking concrete steps. Here are three ideas that might help to mobilize you into action: Stop the exhaustive […]

Effertrux Publishing is pleased to announce the release of the electronic version of Pocket Change: Using the Science of Personal Change to Improve Financial Habits. For those who prefer the print version, the paperback will be released next month. I am happy to be able to share my writing with you and look forward to […]

Last week, I described how you can get stuck in the second stage of change (contemplation). In this stage, you can think of multiple reasons why you should change a given money habit. But you can also think of multiple reasons why you don’t want to. Procrastination and feelings of ambivalence are common. What do […]

This post is the third in a series examining the “stages of change,” or the stages that mark your readiness to transform a habit. Last week, I presented the first stage of change (precontemplation). This week, I introduce stage two, which is called contemplation. It is when a person feels strongly pulled in two different […]

Last week I suggested that if you have decided to change one of your money habits, it is helpful to know your starting point, also known as your current stage of change (Prochaska, Norcross, & DiClemente). If you know your stage of change, it will help you design appropriate challenges or “homework” for yourself. These […]

Aristotle knew a thing or two about the philosophy of “fake it ‘til you make it.” In his day, though, he didn’t call it that. Instead, he explained that we become virtuous by first putting virtues into action, we become disciplined by first exercising good self-control, and we become courageous by first performing acts of […]