The real cost of gift-giving: financial stress – part 3
The real cost of gift-giving: financial stress – part 3. In ancient history giving gifts began as part of the ritual of worship and over the centuries it has morphed into a show of appreciation. In the age of mass consumerism gift-giving has become an expensive habit too, especially in holiday season. While most of us […]
The real costs of gift-giving: Financial stress – part 2
The real costs of gift-giving: Financial stress – part 2. Who wants to buy something special for their partner, relative, friend or colleague on Black Friday or this Christmas? It’s a thoughtful idea given how tough 2020 has been – with bushfires, then the COVID-19 pandemic, various lockdowns and financial stress coming at Australians in […]
The real cost of gift-giving: Financial stress – part 1
The real cost of gift-giving: Financial stress – part 1. The tinsel and decorations are still under the stairs, but now is the time to think ahead so that you don’t join millions of Australians saddled repaying holiday debt well into 2021. One of the leading pressures on many people’s already-strained financial position is the […]
Mindfulness and the Sunk Cost Bias
Understanding the Sunk-Cost Fallacy If you’ve ever persisted with a dead-end job, loveless relationship, or regrettable university degree, hoping it will somehow improve, or ‘chased your losses’ by doubling down, this article is for you, Mindfulness and the Sunk Cost Bias.