Have you ever considered why we purchase limited edition items or take advantage of “50% off” offers even when they aren’t essential? Consumer choices may seem personal, but businesses can use psychological principles to influence them. Behavioural economics is a fascinating field that uses psychology, economics, and decision-making research to explain human buying behaviour. This …
Insurance is complex, so we made this glossary to help readers.Insurance is an agreement between an insurer and insured that provides financial protection in exchange for premium payments, whether indemnity or liability coverage is needed. Policy paperwork also contains important details about each insured party, such as declarations pages. 1. Definitions Insurance terms can often …
Bad credit can either get you in or get you out. When applying for a loan, renting an apartment, or even changing your mobile phone plan, lenders often consider your credit score. However, many people still struggle to understand this little three-digit number. But that’s changing thanks to technology. With smart tools and apps, you …
In today’s digital marketplace, smart spending isn’t just a way to save money; it’s a way to survive. With an endless stream of marketing, app notifications, flash sales, and ads from big-name fans asking us to “treat ourselves,” it’s no wonder mindless spending has become so commonplace. But thanks to the rise of financial AI …
Loss aversion is one of the most powerful theories in behavioral economics and significantly influences individuals’ investment decisions. Loss aversion essentially refers to the tendency for people to avoid losses at the expense of gains. In other words, losing money hurts more than winning it feels good. This strong psychological bias drives much of financial …
While most freelancers consider financial management to be their biggest challenge, freelancing offers unparalleled freedom, flexibility, and the ability to work on your terms. Financial instability can easily arise from a lack of consistent income, income instability, and uneven spending. However, the path to financial freedom is not unattainable. Modern, smart digital solutions not only …
Financial worries are a major source of stress, affecting relationships, mental health, and overall well-being. Anyone can feel overwhelmed by the constant stress of debt, bills, and unexpected expenses. But what if you could turn your fear of money into confidence? Effective money management is about cultivating stability, independence, and inner peace, not just numbers. …
In today’s uncertain world, an emergency fund is more than a financial safety net; it’s a necessity. Unexpected expenses like car repairs, medical bills, or an unexpected job loss can completely devastate your finances if you’re not prepared. You can avoid high-interest loans and maintain peace of mind by maintaining a sufficient emergency fund. But …
To stay ahead, you need to be smart about money, because inflation can quietly devalue it. As prices rise, your purchasing power decreases if your income and investments remain the same. In today’s dynamic economy, inflation can resurface, compelling you to anticipate future changes. Learning to manage inflation is a smart move and essential to …
Accident and incident insurance can help ease financial strain in an instant. Unfortunately, however, many policyholders often postpone filing their claim due to various reasons. Insurance claims are formal requests to your provider for compensation according to your policy terms. To streamline this process and expedite it efficiently, consider these tips for successful insurance claim …