Habits, behavior, and emotion play a big role in how you manage money.
If you want to change a habit, it helps to understand the behavior behind it.
Here are six ways our behavior is influenced.
Over at Budgets are Sexy, writer J.
The next two, Social Motivation and Ability, relate to how other people affect an individuals choices.
They gave a research group of children $40 and tempted them with really expensive candy.
The point was to see how different temptations influenced them.
For example, one temptation involved visual cues: photographs of children eating candy were in the room.
This represented structural ability.
Grenny presented tempting influences in each of the six categories and noted how the childrens choices changed.
Its just one study, sure.
But this comes into play with personal finance quite a bit.
For example, J.
Money writes:
How many of these things have we probably experienced this week alone?
Taste testing at Costco or Trader Joes?
Friends buying up cool $hit or planning to party hard this weekend?
Using credit cards over cash?
And what about running into ads everywhere we look?
It helps to think about our influences organized in this way.
You get a better understanding of what affects your habits andwhyit affects them.
Once you understand that, its a lot easier to resist, tweak, and redirect those habits.
Check out the study below, and check out J. Moneys post for more insight.
10X Your Influence| VitalSmarts viaBudgets are Sexy
Photo bygeralt.Screenshot via Budgets are Sexy.
