Commitment Devices
Discover the surprising impact of commitment devices on savings behavior. A study from the Philippines reveals that access to an illiquid savings account—where funds are locked until a goal is met—can lead to an astonishing 80% increase in savings, even when only 30% of participants choose to use it. This challenges traditional views on financial freedom and highlights the power of structured saving strategies.In this clip
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Making Money Changes That Stick w/ Katy Milkman (Bestie) #855
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