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Small changes to rein in control of your finances

Feeling out of control financially-speaking is no way to set out accomplishing goals such as saving for a car or ensuring a comfortable retirement.

These small changes outlined by Kristin Wong at Lifehacker put you in the right frame of mind to take the reins and start working on the big stuff one step at a time.

Make Choices That Motivate You

When you save five bucks, you make the decision to save five bucks. More than the money itself, that decision is key.

Neuroscience researcher Alex Corb studies the link between happiness, control, and decision-making. In his book, The Upward Spiral, Corb explains that a “good enough” decision activates the brain’s dorsolateral prefrontal area, which can make you feel a sense of control…
Make the Choice Meaningful

Control also motivates you to keep making progress. In his new book, Smarter Faster Better, author Charles Duhigg says choices and control “trigger parts of our brains where motivation resides.” He adds that the key is to tie the choice to something meaningful. “If you can link something hard to a choice you care about it makes the task easier,” Duhigg writes. “Make a chore into a meaningfuldecision and self-motivation will emerge.”…

Full story at Lifehacker.

Personal finance solutions.

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