“People want instant gratification, but regular practice is what strengthens your ability. It’s a muscle you have to build, the same as you do with exercise. It will get easier over time.” Andy Reed, PhD, Fidelity’s vice president for behavioral economics.
We all know that for financial security, you need to spend less than you earn, save more, invest and make smarter financial decisions over the long term.
To save effectively, you must establish a solid financial plan that requires understanding your current financial state , concrete goals, and regular and accurate tracking your behaviors and outcomes over time.
“People want instant gratification, but regular practice is what strengthens your ability. It’s a muscle you have to build, the same as you do with exercise. It will get easier over time,” says Andy Reed, PhD, Fidelity’s vice president for behavioral economics.
To read more, go to: https://www.fidelity.com/learning-center/personal-finance/2021-money-resolutions? fbclid=IwAR0nFHEKRYVVuXRKIPHhmBbvD4s5iovtbdS9MEt8WU0qxYh9YQYuVVWohzc&sf240961961=
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