Friday, 11 September 2015

Stash Your Money in an Illiquid Account to Motivate Savings

We’ve said it before: money has a lot to do with mindset. When your money is harder to access (it’s illiquid), you’re less prone to, well, access it. That much is obvious, but according to a study published in the National Bureau of Economic Research, most people know this, and that illiquidity actually inspires saving.

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