'Taming The Pound Using Psychology To Manage Your Money'

Main Category: Psychology / Psychiatry
Article Date: 25 Feb 2011 - 5:00 PDT


With rising cost of living, inflation steadily increasing and many of us looking at pay freezes help is at hand to give you some useful techniques on how to take control of your money.

At the British Psychological Society's 'Psychology for All' public event, Saturday 26 March at the University of Westminster, Chartered Psychologist Mr Kim Stephenson will discuss 'Taming the pound: Using psychology to manage your money'.

Kim explained: "I want to show some easy to learn psychological habits that most people have such as mental accounting, bigness bias and anchoring. This will help you understand situations in which these can cause you to lose money and, importantly, where you can use exactly the same habits of thought to your own benefit. You'll then be able to take control of your own spending, make better decisions and tame your own pound!"

"If you want to get a better understanding of why you do what you do with money, how to make better choices about spending, saving and investing then this workshop is for you. It will be based on a range of psychological areas including human decision making, behavioural economics, positive psychology, goal setting, behavioural change, coaching and 'flow'."

Sources: British Psychological Society (BPS), AlphaGalileo Foundation.

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