Why money burns a hole in your pocket and how to build financial resilience
When my kids were little, we would occasionally give them a few dollars as a reward. They would put the money in their pocket, then take it out and stare at it, then put it back into the pocket, and repeat. They clutched the money so tight for so long, it became a crumpled paper ball. They imagined the candies and toys they could buy and couldn’t wait to spend the money. Money burned a hole in their pocket. Most kids are like that. But many adults are like that, too! Why is saving money is so hard? How come the desire to spend is so unquenchable?