Money Management Skills



Lecture 1: Understanding Your Financial Brain

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responsible for

things like emotions,

automatic responses

to stimuli, and

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of work to keep your

prefrontal cortex

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system is a lot faster

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we use most often in

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planning means not

only knowing what to do but how to create a plan that will actually

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spending with credit cards or never actually putting money in our

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show that we have a tendency to be very impatient when making

decisions in the present and are much more patient when making

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lights up when you engage in planning for the future, but the limbic

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of a concept known as narrow framing, or simply framing, that

Financial planning causes a struggle between

the rational brain and the emotional brain.

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