News Formal

Behavioral Finance Expert Warns Against Holiday Overspending

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 6 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Finance Notícia

Behavioral Finance,Holiday Spending,Financial Goals

A behavioral finance expert warns that consumers are naturally inclined to focus on short-term gratification, leading to overspending during the holiday season. Financial planner Brad Klontz provides tips on how to manage holiday spending and maintain long-term financial goals.

Behavioral finance expert Brad Klontz warns that consumers tend to prioritize short-term gratification over long-term financial goals, especially during the holiday season. Americans are expected to spend an average of $1,014 on Christmas or other holiday gifts in 2024, a significant increase from $923 in 2023. Some consumers plan to dip into their emergency funds or prioritize gifts over household bills.

Klontz suggests developing a spending plan to avoid overspending and maintain long-term financial health

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 545. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

SingularityDAO, SelfKey and Cogito Finance Token-Holders Approve Merger to Form Singularity FinanceCrypto Blog
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »

Finance expert issues warning over the 'elephant in the room' that Harris has been quiet aboutFinancial adviser Bryan Kuderna and International Center for Law & Economics chief economist Brian Albrecht break down former President Trump and VP Harris' international economic proposals.
Fonte: FoxBusiness - 🏆 458. / 53 Consulte Mais informação »

Democrat Adam Smith Supports Finance Expert in Pentagon ReformsHouse Armed Services Committee Ranking Member Rep. Adam Smith (D-WA) expressed support for the idea of a finance expert occupying a top position within the Department of Defense, aiming to improve financial management and procurement processes.
Fonte: BreitbartNews - 🏆 610. / 51 Consulte Mais informação »