
A blogger posted on his attempt to save money by going on a cash-only diet. He used a system of cash and envelopes – tapping into the view that physically spending cash makes spending money “more real”. Although the test resulted in increased impatience, it also saw spending drop 10%. Seems like adding a little friction to the payment system can be a good thing.

Each day we are surrounded by thinking tricks and traps, a blogpost by Harvard Business Review says. It details different biases that may put us in the wrong direction – with framing, anchoring and confirmation bias among them.

Ten highlights from Richard Wiseman’s book ‘59 Seconds: Change your life in under a minute’ are posted by Barking Up the Wrong Tree. Tips include adopting the gratitude attitude, being a giver, hanging mirrors in the kitchen, praising efforts rather than ability.



