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  • Teaching Personal Finance DOES Work

    benefits of saving and investing, and see the detriments of high interest loans, such as paydays and credit cards (or the modern version: buy now pay later apps). with an example I’ve already given before: you’d be taught about compound interest when applying for a credit card or payday loan.

  • Finance and Fitness: They have more in common than you may think!

    I am one of those people who really goes hard for one aspect of behavioural science, and then blatantly Or credit cards. Or mental accounting. Or hedonistic spending. I love that stuff. But do I care? Barely. When it comes to integrating it into my personal life, that is.

  • Clueless about Contactless

    Figures from The UK Cards Association (2015) indicate that the increased adoption of contactless cards As seen with the debit and credit card, contactless users are also prone to increase their card expenditures For credit cards, the usage of contactless led to an increase in the spending ratio of 8.3 percent at Seemingly, the effect of contactless holds stronger for debit cards than it does for credit cards. I like to emphasize that it is also banks that have rolled out the credit card and massively profit from

  • Behavioural Finance: What Can It Teach Us?

    In which people hold both credit card debt (expensive) and savings (doesn't yield much). To examplify: in the UK, people have enough savings to pay down half the credit card debt amassed. That means banks would not be able to receive half the profit they make on credit card debt, which is

  • The Future of Financial Services (Part 2)

    In part we discussed the casualization of work (flex-work) and its effect on being able to obtain credit transactions now happening online, retailers saving your account details so you never need to grab your card emphasized by apps such as Klarna, which enable consumption-smoothing through deferred payments, much like a credit card would. Klarna can essentially be described as an online credit card, but tries very hard itself to not be associated

  • My First PhD Study: Contactless

    to pin-verified debit cards. The same was true for credit cards. The same was true for credit cards. For credit cards, people had a higher probability of correct recall using contactless. debit cards.

  • Reasons You Feel Broke

    I vibed hard with this video, and thought I’d outline her viewpoints in this post, with the addition Credit where credit is due: I did get inspired to do this "fact checking" of an already existing source There’s one debit card, two credit cards, a Monzo account, Klarna is flying about and Paypal is also account you’re supposed to be paying There are people who can “successfully” manage over 10 different credit cards, but those are people with spreadsheets filled with revolving problem debt who have no other way

  • Money Management isn't Hard - It's Boring

    Whether that’s for debt repayments (eliminating future costs), fixing your credit score (future borrowing

  • Seeing Volatile Income Through the Lense of Financial Decision Making

    behavioural economist’s perspective, most were familiar with fintech (such as banking, budgeting, and credit But health insurance was not enough to make health care affordable, beyond primary care or preventive crux of the problem: due to income volatility, health insurance was a source of uncertainty in health care Some participants opted to skip or delay care due to cost, or when they couldn’t anticipate the cost And no, I do not believe that consumption-smoothing tools like credit cards and BNPL are going to do

  • The Future of Financial Services (Part 1)

    The credit card is no longer the only non-concurrent method of payment. Flexing Credit Let’s start of with flex-work. two are especially interesting as they are less mainstream and target the underbanked, often with low credit

  • Is Your Phone Tricking You Into Spending More?

    Monzo is a payment card that was more heavily app-based. Other not so financially clever behaviours regarding credit card also seemed to be associated with those But if they keep going like this, I hope they learn the hard way, rather than not learning at all. Cash has one function; cards tend to have one main function as well: paying things now (credit cards of news cases in which people were scammed out of a lot of money, through online identity theft and card

  • Interview with Grant Donnelly

    the field a little later than most, after working in the grocery industry for 10 years, and it was hard In addition to this, I care a lot about field experiments and observing actual decisions and I take a national bank that allowed their customers to make payments toward individual purchases on their credit card bill.

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