Important or mundane, we're faced with a lot of decisions throughout the day. It's no surprise that our brains tend to get fatigued by the time the day's over. Unfortunately, that's also the time a lot of us make our financial decisions.
Money picture from Shutterstock
The folks at financial blog The Simple Dollar suggest that you make a point of getting financial decisions out of the way early, when you're still fresh:
Decision fatigue refers to the mental wear that comes from a day in which we're inundated with decisions. In the modern world, decisions come at us all the time and thus, by the end of the day, many of us are simply mentally worn out from all of the decisions, making us more susceptible to making poor decisions.
The best way around this is to front-load your day with decisions that have financial impact. Pay your bills and make financial choices early in the day when your mind first starts clicking well. If you simply can't perform some tasks until later in the day, push some of the decision load earlier in the day by making shopping lists or meal plans.
The goal is to minimize the number of decisions you have later in the day that involve financial choices so that you're less likely to make a poor decision while in a mentally tired state.
Hit up the post at The Simple Dollar for more tips about making good money choices all day long.
Five Ways to Keep Good Money Choices in Mind All Day Long [The Simple Dollar]