emotions can play a big part in financial decisions
Phoenix, AZ (PRWEB) April 13, 2015
Debt Consolidation USA shared in a recently published article how most consumers are challenged by emotionally charged financial decisions. The article titled “”Your Emotion And Financial Judgement Rarely Mix” explains some of the most common instances that focuses consumers to face this tough situation.
The article starts off by pointing out that consumers are already having a hard time making simple decisions when faced with emotional baggage. It can be stress eating or even driving while drinking because of a recent argument with a significant other which can have catastrophic effects.
The same goes for consumers who are trying to handle financial decisions when they are emotionally charged. The article shares that this can happen when parents are seeing their children off to college and they promise to cosign student loans because they want to help. They can feel the effects of these student loans for a long time coming.
The article also explains that emotions can play a big part in financial decisions when consumers are starting with a new job. Trying to impress co-workers might lead to unanticipated expenses and put the budget in a quandary. It can also happen when people find the need to transfer to a new place or even when looking to retire in a different country.
There are also life changing events that can add to this challenging situation. Emotions are high when people experience death in the family, divorce or even getting laid off. Financial decisions can become harder to make and when done haphazardly, it can lead to choices that they might regret ng the future.
To read the full article, click this link [http://www.debtconsolidationusa.com/personal-finance/your-emotion-and-financial-judgement-rarely-mix.html