Psychology shapes our financial behaviour, especially when it comes to creating a household budget
Cognitive errors and emotional biases can have an impact on how you prepare financially. Photo: Getty
The Irish Government aren’t the only people who have been working on a budget for the coming year. With summer – and its expensive holidays – in the rearview, attention turns for many to the monetary pressures of Christmas, or for how to enter 2026 in a better financial position.
But budgeting doesn’t necessarily come easy, whether it’s on account of the budgeter not having the right knowledge or the right mindset. Because the psychology of money, and how we feel about our finances, can have huge impacts on how we budget and prepare.