The Psychology of Spending Money

Interesting article today from Yahoo Finance, This is Your Brain on Money. It basically features “five ways your brain can trick you into making financial blunders, and how to avoid them.” The information comes from Jason Zweig’s book Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich.

There’s some pretty good, general advice for investors in the article. Although there is nothing specific on how to invest your money, it does highlight some of the basic problems we make when we try to wrap our brains around spending and investing.