Feeling down? Don’t make financial decisions

Pile of moneyBY LIBBY KANE

Emotional spending is nothing new–we’re probably more likely to splurge on a shiny top or tempting snack when we’re feeling emotionally vulnerable. But new research shows that people who are feeling down also make other kinds of bad financial choices.

For instance, when given the choice between getting some money immediately or more money later, sad people are more likely to accept less money right away–which is the poorer choice. (And unfortunately, women are more stressed by bad news than men are.)

Read more at LearnVest

LearnVest is the leading personal finance site for women. Our free Money Center will help you create a budget. Our free bootcamps will help you take control of your money, cut your costs or get out of debt. And our premium financial plans–managed by LearnVest Certified Financial Planners–can help you chart a course for the future you want.

Leave a Reply

  • (will not be published)