LibraryScenariosWhy Automating Savings Can Backfire Psychologically
Scenario

Why Automating Savings Can Backfire Psychologically

I set up automatic transfers to savings so I wouldn't have to think about it but now I obsess over every other purchase, like I've used up all my willpower on one good habit.

Zera
Online
The coach is replying

More people experience this than they realize.

What we've seen

Outsourcing one financial decision to avoid temptation can paradoxically increase anxiety about all other spending choices.

Ideas that help explain it
Worth thinking about

“Where Are You with Saving and the psychology of deferred gratification?”

If this sounds familiar, the Library can help you find the bigger picture.