Understanding Financial Behaviors and Their Impact on Your Life
Cara Mackhoud, CEO
Cara Macksoud, FBS® is the CEO of Money Habitudes. After a 15 year career as a trader on Wall Street and stint as a CFO for a NYC nonprofit, Cara transitioned into the behavioral finance space.
May 28, 2024
Have you ever stopped to consider why people make the financial decisions they make? Probably not. However, understanding the psychological factors that influence financial decisions is more personal than you think. On this episode our host Jami Jennings, VisiFI’s Vice President of Digital Product Management and Member Experience, talks to Cara Macksoud, CEO of Money Habitudes about the concept of financial behaviors. Cara explains that financial behaviors are more about how we manage money as a tool rather than the amount we have in the bank.
Tune in to discover:
- The “Ostrich Effect” and its implications
- How to determine if behaviors are helpful or harmful
- Strategies for changing unhealthy behaviors
- Key steps to achieving financial awareness
- Training resources available to support positive change
To take a deeper dive into financial behaviors, read our blog post here.
