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Communication & Cognition

The Psychology of Saving Money: How to Train Your Brain to Save

John Boitnott
31 July 2023
15 min
PME All levels

BLUF

Behavioural biases govern your saving and spending habits and occur without you being conscious that they are occurring.

Summary

KEY POINTS:
  • Identify behaviours that could prove to be barriers to your savings plan.
  • You may have to train your brain to learn to save.
  • And to stay motivated, you need to have clear financial goals.
READ: The Psychology of Saving Money: How to Train Your Brain to Save

References

  • Media Check: Entrepreneur - Media Bias Fact Check (High Credibility)
  • Collections | The Runway (airforce.gov.au)
  • ADDITIONAL READING RAAF RUNWAY (PME)
  • RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC. 
 

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