Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
“Eighty-five or 90% of our money decisions are based on our emotions,” says Bari Tessler , a financial therapist in Boulder, Colorado, and author of “The Art of Money Workbook,” out this month. “We need to be understanding of what our money emotions are so we can not just feel overwhelmed or try to run away.”
