Six tricks to spend less, save more for retirement

Wall Street Journal-It’s just human nature, according to Michael Finke, an associate professor at Texas Tech University who studies behavioral finance, among other subjects. “Many recommend holding as much as six months of expenses in a cash account, but the temptation of such a large amount of money in a liquid account may too great for those who have difficulty resisting the urge to spend,” he said.

If F. Scott Fitzgerald were alive today he might say (though it doesn’t quite roll off the tongue) that behavioral finance experts are different from you and me.

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It’s just human nature, according to Michael Finke, an associate professor at Texas Tech University who studies behavioral finance, among other subjects. “Many recommend holding as much as six months of expenses in a cash account, but the temptation of such a large amount of money in a liquid account may too great for those who have difficulty resisting the urge to spend,” he said.

Read the rest of the story at Wall Street Journal