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November 08, 2019
Welcome to FinHealth Fridays!
Every Friday, we will share a carefully curated collection of what we’re reading as we head into the weekend.
This week’s Financial Literacy Month theme has been “Start With a Budget”. There are certainly no shortage of resources (like here) that address the importance of building a budget and give you the tools for doing so (like here).
To challenge your thinking around behaviors and budgets we suggest the following recommended reading:
- Why Budget is a Bad Word (our take on why it’s about behavior, not budgeting)
- Hacking Personal Finance: Behavior, Not Budgeting
- More Slacking, Less Tracking: How Scarcity Affects the Working Poor
And, for those of you who really want to dive into things, the following resource from the Center for Advanced Hindsight will serve as a great start to understanding how some of the world’s leaders in decision science are applying their craft to budgeting:
As Week 1 of Financial Literacy Month is coming to a close, it’s important to remember that budgeting isn’t just about the numbers – it’s about the behaviors that support the actions behind the numbers.