Dan Ariely, a professor of psychology and behavioral economics at Duke University, knows this firsthand.
But recent grads would be wise to avoid any spending sprees on new or "trendy" things, Ariely says.
Think about the future, not just the presentFor recent graduates, there can be a temptation to charge lots of purchases, Ariely says.
Reflect on past spending — and past regretsFinancial planning generally involves looking ahead.
But you'd be well served to look at past purchases, too, and reflect on the extent to which they brought you joy.
Persons:
Dan Ariely, —, Ariely, I'm, you'd
Organizations:
Duke University, Duke Fuqua School of Business