Moneysteps

Chapter 2 Resources: Money Mindsets/Traps

• Money management mindsets
• Assets/liabilities lens: Looking at decisions as building wealth or creating debt
• Opportunity cost: thinking about the best use of your money
• Comparison shopping: comparing alternatives
• Saving money when you shop
• Informed decisions: a consumer protection approach
• Money management mindset and thinking traps:
  • Consumption and the Consumer Society
  • Source credibility: if someone you trust tells you something, you might trust it even if you shouldn’t
  • Scarcity: how the illusion of scarcity is used
  • Strike it rich mentality

Chapter Materials

Money management thinking traps - document