Can laziness cut spending?
Not allowing websites to store your credit card details may help you to spend less according to Vox. Quoting personal finance author Helen Olen, the article notes that having to enter card details every time when shopping online can reduce spending. “Trust me on this. Laziness is a very powerful deterrent” says Olen.
Less can be more
Poor people are better at making day-to-day financial decisions than the rich, argues Princeton psychologist Eldar Shafir on the Shots blog. Because money is scarce for the poor, it dominates their thoughts and they know exactly how much they spend and earn. But this comes at a cost of increased stress. Further because so much mental bandwidth is used managing day-to-day finances, little thought can be given to managing longer term money issues.
Job satisfaction is at its lowest since anyone started measuring it and nearly two-thirds of people would choose another career if they could, a blog on The Week explains. One cross-European study showed that 60% of workers would choose a different career if they could start again.