4min chapter

Standard Deviations with Dr. Daniel Crosby cover image

Michael Finke - The Role of Behavioral Science in Shaping Your Retirement Future

Standard Deviations with Dr. Daniel Crosby

CHAPTER

The Psychology of Tracking and Savings Behavior

This chapter explores how tracking personal finances, especially retirement savings, influences saving behaviors and motivation. It weighs the benefits of increased savings against the stress and hasty decisions that tracking can provoke, suggesting a balanced approach to financial management.

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