Money management using psychology.
In January of 2020, meaning before the pandemic, CNBC published a study that reported that 41% of families in the US would go into a debt if they incurred a $1000 dollar emergency like a medical bill or auto repair.
The same survey showed that the average cost of an unexpected emergency is $3,500 and roughly 28% of people experienced a financial emergency.
Learn how money and debt affects your mental health in this episode of Not So Scary Sundays.