http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/ Fri, 10 Feb 2012 22:03:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/#comment-3003 Thoughtful Thursday: That One Thing | The Amateur Financier Fri, 10 Apr 2009 02:47:08 +0000 http://studenomics.com/?p=792#comment-3003 [...] Emotions and Personal Finance Don’t Mix Well - Over on Studenomics (not Stud-o-nomics), there was an interesting discussion about how your emotions can cause you to make bad emotional decisions.  He gives an example of one of his friends who would bet on his favorite team regardless of their prospects, losing hundreds of dollars in the process (at least $100 of which found its way into Studenomic’s pocket).  The lesson is two-fold: betting on sporting events, especially based on your personal preferences and not actual performances, is a losing proposition, and mixing money and emotion generally doesn’t end well. [...] [...] Emotions and Personal Finance Don’t Mix Well – Over on Studenomics (not Stud-o-nomics), there was an interesting discussion about how your emotions can cause you to make bad emotional decisions.  He gives an example of one of his friends who would bet on his favorite team regardless of their prospects, losing hundreds of dollars in the process (at least $100 of which found its way into Studenomic’s pocket).  The lesson is two-fold: betting on sporting events, especially based on your personal preferences and not actual performances, is a losing proposition, and mixing money and emotion generally doesn’t end well. [...]

]]> http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/#comment-3001 Roger Fri, 10 Apr 2009 01:33:16 +0000 http://studenomics.com/?p=792#comment-3001 No major, 'I desperately wish I could redo that choice' decisions, but I have done plenty of the little things, like spending too much when I go shopping to cheer myself up or celebrate. I could probably do with a bit more calm, cool logic, as always. No major, ‘I desperately wish I could redo that choice’ decisions, but I have done plenty of the little things, like spending too much when I go shopping to cheer myself up or celebrate. I could probably do with a bit more calm, cool logic, as always.

]]> http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/#comment-2852 Nathan Tue, 07 Apr 2009 20:23:42 +0000 http://studenomics.com/?p=792#comment-2852 I'm a Leafs fan too and thought they had no chance of making the playoffs. Maybe the lesson should be not to be blind to the flaws in your company/product. I’m a Leafs fan too and thought they had no chance of making the playoffs. Maybe the lesson should be not to be blind to the flaws in your company/product.

]]> http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/#comment-2839 6.06.09 Featured blogs of the day – Student Bloggers Tue, 07 Apr 2009 16:56:59 +0000 http://studenomics.com/?p=792#comment-2839 [...] In a post many college student could have probably used before the NCAA brackets were finalized, [Studenomics] reminds us of reasons why allowing your emotions to make financial decisions will cost you money. [...] [...] In a post many college student could have probably used before the NCAA brackets were finalized, [Studenomics] reminds us of reasons why allowing your emotions to make financial decisions will cost you money. [...]

]]> http://studenomics.com/personal-finance/allowing-your-emotions-to-make-financial-decisions-will-cost-you-money/#comment-2815 tom Tue, 07 Apr 2009 04:22:18 +0000 http://studenomics.com/?p=792#comment-2815 Well he can keep being a fan of the Leafs but as long as he can manage it well, in terms of finances. Its like a hobby, theres a difference between say buying rims or whatever for your car when you have money saved up opposed to like spending too much or over your budget and then feeling like shit about it. Well he can keep being a fan of the Leafs but as long as he can manage it well, in terms of finances.
Its like a hobby, theres a difference between say buying rims or whatever for your car when you have money saved up opposed to like spending too much or over your budget and then feeling like shit about it.

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