Financial Status Quo Bias

Remember that subscription from the app store you had to have, used once and still pay for monthly? How many of those subscriptions do you have and never cancelled because it seems like too much work for just $3.99 per month. But what if you have two or more of those subscriptions and continue to pay for those for years? What is that really costing? The act of doing nothing because it’s easier than doing something is called Status Quo Bias.

Join us for an interesting discussion to learn how spending creep sneaks up on us and the effects of Status Quo Bias on our finances.