Behavioral Finance Flashcards
1
Q
4 money scrips
A
Money avoidance
Money worship
Money vigilance
Money status
2
Q
Money avoidance
A
Feeling that money has a negative connotations and ignores personal finances to avoid emotional distress
3
Q
Money worship
A
The belief that happiness externally comes from, and is directly related to, having more wealth
4
Q
Money vigilance
A
Being concerned and aware of one’s financial wellbeing, with importance and emotional basis being placed on savings and being prepared
5
Q
Money status
A
The belief that one’s internal value and self-worth is directly correlated to their financial worth, and that to be a better person, they need more
