FinHealth Friday

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:

• Managing Cash Flow

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.