If you know anything about behavioral economics, you're probably familiar with Nobel Laureate Richard Thaler's famous 'nudge theory'. If you're not, it is essentially a body of research supporting the idea that crafting one's environment in a certain way can influence - though not dictate - one's choices (also known as "choice architecture"). A prime… Continue reading How to “Nudge Yourself” to Take Action
Tag: Personal Finance
Managing Your Habits in a Post-COVID World
Picture this: It's January 2020. You're on the train on the way to work, listening to The Daily. Later, you grab sushi with a few coworkers. You knock out a cycling class at the gym before heading home to make dinner and catch up with your roommate or significant other. No masks, no hand sanitizer… Continue reading Managing Your Habits in a Post-COVID World
Budgeting 101: This Financial Hack Will Revolutionize Your Spending Habits
As 2020 comes to a close, many of us are reflecting on what a year it has been - and it has been quite a year. Like many others, I am a person who (usually) spends most of her disposable income on experiences, like live shows and traveling. 2020 has not been the year for… Continue reading Budgeting 101: This Financial Hack Will Revolutionize Your Spending Habits