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Understanding the psychology behind spending and investment decisions is a crucial aspect of effective money management. Behavioural finance, a field at the intersection of psychology and economics, provides insights into why we often make irrational financial decisions. This guide explores common psychological traps in financial decision-making and how understanding these can lead to better money management. We will also discuss how independent financial advisers and pension advisers can add significant value in overcoming these behavioural biases.
Popular tags: independent financial adviser, retirement planning, pension advisers
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.