West Loop Financial LLCThe Keys to Effective Budgeting: Autonomy and Automation – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 The Keys to Effective Budgeting: Autonomy and Automation https://www.westloopfinancial.com/2015/06/01/the-keys-to-effective-budgeting-autonomy-and-automation/ https://www.westloopfinancial.com/2015/06/01/the-keys-to-effective-budgeting-autonomy-and-automation/#respond Mon, 01 Jun 2015 09:00:56 +0000 http://evolvemypractice.com/?p=1933 Most people avoid budgeting because they consider it an exercise in repressive tedium. But it doesn’t have to be. By applying the science of motivation, economic evidence and the art of creativity, the apparent boredom of budgeting and saving can be remade into part a life-giving financial rhythm. In his book, Drive, Daniel Pink teaches...

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]]> Most people avoid budgeting because they consider it an exercise in repressive tedium. But it doesn’t have to be. By applying the science of motivation, economic evidence and the art of creativity, the apparent boredom of budgeting and saving can be remade into part a life-giving financial rhythm.

In his book, Drive, Daniel Pink teaches us that most institutions still use outdated science to motivate. Known as the “carrot-and-stick” approach, Pink demonstrates that the archaic addiction many organizations have to extrinsic motivation is far less effective than intrinsic motivation, which comes from within. The most successful resolutions are those autonomously motivated. In short, the word could is more effective than the overused should.

Read the rest of the article on Forbes.

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