Friday, February 25, 2011

“'Taming The Pound Using Psychology To Manage Your Money'” plus 1 more

“'Taming The Pound Using Psychology To Manage Your Money'” plus 1 more


'Taming The Pound Using Psychology To Manage Your Money'

Posted: 25 Feb 2011 08:35 AM PST


Main Category: Psychology / Psychiatry
Article Date: 25 Feb 2011 - 5:00 PST email icon email to a friend   printer icon printer friendly   write icon opinions  

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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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Why Giving Up is Sometimes the Best Solution to a Problem [Psychology]

Posted: 25 Feb 2011 07:29 AM PST

Why Giving Up is Sometimes the Best Solution to a ProblemThere comes a time when the work required to achieve certain dreams stops being beneficial and starts being a source of anxiety. Blogger Johnathan Mead reminds us that sometimes, there's nothing wrong with just giving up and moving on.

While making goals is good for us, achieving those goals isn't always good for us—especially when it just isn't possible. Mead reminds us that sometimes, we put so much effort into achieving these goals that we forget their purpose:

Trying to make things happen all the time creates a lot of unnecessary anxiety. It's stressful trying to deny what is.

When I give up, I accept life as it is. No strings attached. No wishing things were different. If an action needs to be taken, I take it. But I've given up letting my happiness be dependent on a thing.

Most of these problems only exist within our minds. They're not real physical problems; they're simply psychic, imagined obstacles.

His post is an interesting read, and while it may be a bit out there for some, the overall point it makes is pretty undeniable: when your goals become more stressful than they're worth, there's no shame in giving up. Hit the link to read more, and share your thoughts with us in the comments. Photo modified from an original by Frerieke.Thanks, Kev!


You can contact Whitson Gordon, the author of this post, at whitson@lifehacker.com. You can also follow him on Twitter and Facebook.

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