Selfcontrol is key to managing finances from "summary" of The New Psychology of Money by Adrian Furnham
Self-control is a crucial element when it comes to managing finances effectively. It is the ability to resist impulses and delay gratification in order to achieve long-term goals. This means being able to resist the temptation of instant gratification and instead making decisions that will benefit you in the long run. When it comes to managing finances, self-control is key because it allows you to make rational decisions about how you spend, save, and invest your money. Without self-control, it is easy to give in to the temptation of impulse purchases o...
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