Dr. Carol Yip, a renowned author and expert in financial psychology, explores the complex relationship we have with money and how our spending habits can impact the quality of life we lead.
She delves into the human science of spending habits, societal influences, and personal psychology.
Complex relationship with money
Many people have a complex relationship with money, influenced by their psychology and personal experiences.
Money management is often learned through these experiences rather than formal education.
Understanding this relationship can lead to better financial decisions and improved quality of life.
The transition to a cashless society is for real. We have to be very mindful that our financial currently and in the future may be causing a lot of challenges for us if we want to manage our money wisely. – Dr. Carol Yip
Emergence of a cashless society
The transition to a cashless society is becoming more prevalent, with digital payment methods such as online banking and credit cards being widely used.
This shift has implications on our spending habits and requires us to be mindful of our financial management.
