Emotions ↔ financial well-being

Relations (1)

related 2.00 — strongly supporting 3 facts

Emotions are identified as a psychological factor that influences money management and financial decision-making, directly impacting an individual's financial well-being as described in [1], [2], and [3].

Facts (3)

Sources

The Psychological Drivers of Financial Decision-Making - ijsrm ijsrm.net International Journal of Scientific and Research Publications 2 facts

claimCognitive biases, the framing effect, emotions, self-signaling, and self-control in money management are psychological factors that can either negatively impact or improve financial wellness.

claimThe research article 'The Psychological Drivers of Financial Decision-Making' analyzes how cognitive biases, the framing effect, emotions, self-signaling, and self-control impact financial choices and can either improve or harm financial wellness.

The Emotional Wallet: A Behavioral Analysis of Consumer Financial ... acr-journal.com Advances in Consumer Research 1 fact

claimEmotions play a key role in how individuals manage money, and addressing these emotional factors can assist people in making better financial decisions and improving overall financial well-being.