Personal Finance
🤯 The trap of mental accounting
Mental accounting can cause us to spend illogically and more extravagantly, because it alters our perception of the value of the money we receive and spend.
August 26, 2022
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Kate Campbell is a financial educator who loves talking to anyone who will listen about one of our most taboo (but very important) topics: money. You can find her doing everything from writing articles on personal finance, creating free online courses, running the Rask online community and trying her hand at social media. Pretty much anything to do with personal finance, and Kate’s involved.
Kate has also created the Rask FIRE, Career and Automation courses.
Previously, Kate worked at Citigroup, InvestSMART and Timelio, and sharpened her teeth in the industry with multiple financial operations and investment administration roles. She holds a Bachelor of Business Management from the University of Canberra.
Kate also hosts one of Australia’s top-ranking finance podcasts, The Australian Finance Podcast, which attracts 80,000 listeners each month.
Mental accounting can cause us to spend illogically and more extravagantly, because it alters our perception of the value of the money we receive and spend.
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Let’s focus on a simple, long-term investment strategy — by building a diversified and low-cost portfolio that works in the good and the bad times.
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