Comments on: Money and Emotion Continue to be Poor Companions http://toughmoneylove.com/2008/11/30/money-and-emotion-continue-to-be-poor-companions/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: vilkri http://toughmoneylove.com/2008/11/30/money-and-emotion-continue-to-be-poor-companions/comment-page-1/#comment-1434 vilkri Mon, 01 Dec 2008 02:00:19 +0000 http://toughmoneylove.com/?p=180#comment-1434 Bankers seem to be just as emotional about money as the next person. The guys who are supposed to be so switched on and rational don't seem to have an idea what kind of loans they had made in the past. Now they are so scared about their own abilities that they withhold loans as much as possible. There was no logic behind extending crazy mortgage to unworthy home buyers. There is no logic behind very strict lending rules now, either. It seems to me that bankers make very emotional decision. Bankers seem to be just as emotional about money as the next person. The guys who are supposed to be so switched on and rational don’t seem to have an idea what kind of loans they had made in the past. Now they are so scared about their own abilities that they withhold loans as much as possible. There was no logic behind extending crazy mortgage to unworthy home buyers. There is no logic behind very strict lending rules now, either. It seems to me that bankers make very emotional decision.

]]> By: Andy @ Retire at 40 http://toughmoneylove.com/2008/11/30/money-and-emotion-continue-to-be-poor-companions/comment-page-1/#comment-1432 Andy @ Retire at 40 Mon, 01 Dec 2008 01:05:23 +0000 http://toughmoneylove.com/?p=180#comment-1432 Yep, it's true, people are very emotional when it comes to money. I've seen people roll-over when others have hurt them but those same people seem to go ballistic if they think they are out a dollar or two. I'm not sure why this is, especially if those same people seem to waste money left, right and centre - I guess it's because it was they doing it rather than the thought someone else was. Yep, it’s true, people are very emotional when it comes to money. I’ve seen people roll-over when others have hurt them but those same people seem to go ballistic if they think they are out a dollar or two.

I’m not sure why this is, especially if those same people seem to waste money left, right and centre – I guess it’s because it was they doing it rather than the thought someone else was.

]]> By: Beef Up Your Piggy http://toughmoneylove.com/2008/11/30/money-and-emotion-continue-to-be-poor-companions/comment-page-1/#comment-1431 Beef Up Your Piggy Mon, 01 Dec 2008 00:32:21 +0000 http://toughmoneylove.com/?p=180#comment-1431 Nice Article. Emotions definitely trigger a lot of spending but can also trigger good savings as well. Hopefully, in this economy, more people will realize the emergency what-if scenario and it will trigger them to start planning and saving. Nice Article. Emotions definitely trigger a lot of spending but can also trigger good savings as well. Hopefully, in this economy, more people will realize the emergency what-if scenario and it will trigger them to start planning and saving.

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