Posts by Elizabeth Gilbert:
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How to psychologically recover from a major financial setback
Posted on: 16 Mar 2023
Three-quarters of American workers over 60 have experienced at least one year without income at some point in their adult lives, according to research by the National Endowment for Financial Education. By age 70, 96% have experienced at least one major life shock like a layoff, serious illness, or divorce. Not surprisingly, such events often […]
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4 Misleading personal finance tips
Posted on: 19 Jan 2023
Financial advice is everywhere, and some popular rules-of-thumb are so commonplace that we might not stop and question them. So just how reliable are these common financial tips? According to some experts, the answer is mixed. “Popular advice tends to be about doing what is simple and seems easy to stick to, since people have […]
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Overspending? Psychological tips to break the cycle
Posted on: 27 Oct 2022
Compulsive buying and overspending can harm one’s financial well-being, but it doesn’t have to be crippling. It also doesn’t have to be a source of shame. Addressing the core reasons for your overspending and learning some basic money management skills can help you get your financial well-being back on track. Why people overspend Impulse purchases […]
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The psychology of financial anxiety — and how to overcome it
Posted on: 06 Oct 2022
Financial anxiety — that is, worry, rumination, or guilt regarding money — is extremely common. If your anxiety is severe enough to harm your work, relationships, or financial responsibilities, it’s probably time to talk with your primary care physician or a therapist. But even mild levels of financial worry can negatively impact your mental and […]
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The surprising psychological effect of tracking your expenses
Posted on: 22 Sep 2022
Have you ever felt stressed out over finances? You’re not alone. Nearly two-thirds of Americans report that money is a major source of stress. Studies show that insurmountable debt may be even more stressful than divorce or the death of a close friend. Financial stress is liable to spill over into other areas of life, […]
