Istanbul Gelisim University IISBF SosyoCom: Monthly Events and News Bulletin (Issue: 43, July 2024)

Abstract

PSYCHOLOGY OF MONEY One of the most effective ways to understand our preferences and behaviors with money is to understand the psychology of money. This is because the psychology of money allows us to understand people's relationship with material resources. Basically, our approach to money is shaped by personality, experiences and environmental influences, and our financial well-being is shaped by our money-related behaviors. At this point, understanding the psychology of money will help us make sense of why we save, why we borrow, or why we hesitate between investing and postponing investments.