Financial Psychology – why we often handle money incorrectly

This course is Part 2 of the series "Understanding Money in Everyday Life" and shows you why we often act differently with money than we actually intend – explained in a simple and understandable way. You will learn about typical cognitive biases – for example, why we buy things spontaneously or fall for supposed bargains. We will also examine the role emotions such as fear, security or status play in our financial decisions. An important part of the course is gaining a better understanding of your own consumer behaviour: Why do I spend money? What influences my decisions? You will be given simple strategies to handle money more consciously and make better financial decisions. The influence of advertising and social media will also be explored – as we often don’t even notice how strongly we are shaped by them. The goal is to develop a better sense of your own financial habits and avoid typical mistakes in the future.