by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Oct 30, 2017 | Money and the heart
Long-time readers of this blog would probably remember that I mentioned the concept of Mental Accounting before. To put it simply, it’s our human tendency to characterize our economic resources in “buckets”, and we naturally presume that what are within these buckets...
by Hui-Chin Chen, CFP® | Last updated Jul 20, 2018 | Published on Jul 14, 2014 | Money and the heart, Organize, Plan, Systematize
As humans, we tend to think about things within a set of predefined, sometimes unperceived boundaries. This vastly increases our speed of processing information in this world; but in pursuit of efficiency, we sometimes give up precision. For example, if you suddenly...
I'm Hui-chin Chen, a globetrotter & certified financial planner helping you manage your finances from afar and on the go.