For example, given the choice between two jobs with the same net gain in income, people are more likely to choose one with a higher bonus, even if it means travel costs would increase, according to a study Sharma and co-author Punam Keller, also a professor at Dartmouth College, published in the Journal of the Association for Consumer Research. Information changes that outcome - the study also found that once participants were told about the benefits of being able to save at a job that didn't increase expenses, they were more likely to choose the option with the lower bonus.
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Register now. Skip Navigation. VIDEO Invest in You: Ready. Connect with your future self Something that helps people get out of the loop of short-term thinking when it comes to money is to bridge the gap between their present and future self, said Sharma. There are so many ways to save and not all of them involve depriving yourself of consumption. These 6 financial strategies can help military members transition to civilian life.
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