4min chapter

The Rational Reminder Podcast cover image

Katy Milkman: How to Change your Financial Habits (EP.161)

The Rational Reminder Podcast

CHAPTER

Are Fresh Starts Always Helpful?

Are fresh starts always helpful? Great question. And as is almost always the case in behavior a science, there are boundary conditions. There are times when things are different. If you're doing poorly and you get that reset, well, great. It gives you a sense of a freshstart and a clean plate. But you don't want that disruption when things are going well. Most of the time we could use a little bit ofreset to do even better than we were before. We've got a habit of knocking it out of the park with our new habits or finances. You need to be on high alert for this kind of change.

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