Influence of Emotional and Social Factors on Financial Behavior

Emotions = Role of emotions, attitudes, and habits in making financial decisions Culture = Understanding how culture and values influence financial decisions and goals Social influences = Examples of how marketing strategies, social media, and social pressure can influence purchasing decisions Financial planning benefits = Benefits of personal financial planning on intra- and interpersonal relationships

Assistance to those in need = Pros and cons of charitable giving, such as assisting those in need Tax benefits = Pros and cons of charitable giving, such as tax benefits Religious worship = Pros and cons of charitable giving, such as religious worship Excess production = Pros and cons of charitable giving, such as excess production

Minimizing debt = Financial management principle promoting individual financial stability Comparison shopping = Importance of comparison shopping in purchasing Buying strategies = Emphasis on buying strategies in purchasing Negotiation = Emphasis on negotiation in purchasing

<p>Less relational stress = Benefit of personal financial planning on intra- and interpersonal relationships Wealth building = Benefit of personal financial planning on intra- and interpersonal relationships Self-reliance = Benefit of personal financial planning on intra- and interpersonal relationships Giving gifts and/or inheritance = Benefit of personal financial planning on intra- and interpersonal relationships</p> Signup and view all the answers