The article discusses the importance of personal finance mindset, emphasizing that how much others save is irrelevant; what matters is individual preparedness. It highlights the emotional triggers behind spending, revealing that buying habits are often driven by a rush of 'feel-good' hormones. To counteract this, individuals can retrain their minds to associate the same positive feelings with saving money. The author reassures readers that starting small with savings is significant, encouraging small contributions to build a healthier financial future, ultimately leading to reduced anxiety about emergencies and retirement.
There's no shame in starting small. Every spare quarter and dime adds up.
It's possible to reframe your thoughts in a way that causes those same feel good hormones to be released when you save.
According to the Cleveland Clinic, our brains release a slew of happy hormones when we shop, including dopamine, serotonin, and endorphins.
These hormones don't only get released when we spend money. Studies show that even thinking about spending money can cause happy hormones to surge through our bodies.
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