Tag - decision-making

How to make a difficult decision

Managing our finances involves a lot of tough decisions and we often put off making those decisions because they seem so overwhelming. But often, it's the procrastination that can end up costing more than making a non-optimal decision. So here are some tips to help you with the decision-making process.

How to stick to your New Year’s resolutions

We know if we want to lose weight we need to eat less and exercise more and we know that in order to grow wealth we must spend less and save more. So why then do we give in and buy the chocolate bar at the counter when we purchase our groceries, or whip out our credit card for the latest smart TV or purchase a car with massive monthly repayments...

The greatest possible pitfalls in investment planning

Patrick Barker, Private Client Portfolio Manager at Cannon Asset Managers, identifies what he believes may be the biggest hindering factors in investment planning. Investors need to think in terms of taking responsibility for their investments, rather than being “victims” of their investment circumstances. The term “victim” is used in many...

If you are a spendthrift, it may genetic

A recent study into what drives our spending behaviour revealed some interesting results providing us with some insight into our own personal money choices. The paper entitled Born to Spend? How nature and nurture impact spending and borrowing habits was commissioned by US-based Chase Bank and investigated whether people who are good with money...