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Mindfulness in financial literacy
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- 자료유형학술지논문
- 저자명Smith, Thomas E.,V. Richards, Kristin,M. Shelton, Victoria
- 학회/출판사/기관명Taylor & Francis
- 출판년도2016
- 언어영어
- 학술지명/학위논문주기JOURNAL OF HUMAN BEHAVIOR IN THE SOCIAL ENVIRONMENT
- 발행사항Vol.26No.2[2016]_x000D_
- ISBN/ISSN1091-1359
- 소개/요약Financial education is becoming imperative in a society that has pitfalls for unwary consumers. To ensure effectiveness, educational strategies must take into consideration the readiness of consumers to learn the curriculum. Behavioral economics highlights the obstacles that educators face in promoting financial efficacy. Such obstacles include envy, fear, greed, and other all too familiar human failings. One innovative model, mindfulness, provides insight into the human dynamics of personal financial behaviors. This article ties together financial education, mindfulness techniques, and transtheoretical stages of readiness. The impact of gradually introduced educational tasks is presented with an eye toward clients’ stages of readiness, and mindfulness addresses the emotional burdens of altering a financially profligate lifestyle.
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