FD’s for some are in a sense security. Because, One feels mentally secured of possessing it despite of TDS, which, as you rightly wrote for some it’s exempted. Withdrawal of it, psychologically gives a feeling of insecurity. Unless, one has too much to play around.
For me, living a good life, eg; renovation of house, etc when all other things are considered seems value to spend. For some, it may not. Hence, the urge of ‘ mental accounting . This will vary from person to person, hence, unfathomable.
Regards
True. As long as mental accounting is not adding to the list of excuses for doing or not doing things which may not be advisable looking at the profile it is fine. But if it may bother in some way then the person needs to be counselled well.
What is wrong is wrong, but what is wrong for me may not be wrong for you. Different strokes different folks
Sir…what is the relation between mental accounting and accountability of an individual in financial decision making?
How mental accounting and accountability of an individual related?
FD’s for some are in a sense security. Because, One feels mentally secured of possessing it despite of TDS, which, as you rightly wrote for some it’s exempted. Withdrawal of it, psychologically gives a feeling of insecurity. Unless, one has too much to play around.
For me, living a good life, eg; renovation of house, etc when all other things are considered seems value to spend. For some, it may not. Hence, the urge of ‘ mental accounting . This will vary from person to person, hence, unfathomable.
Regards
True. As long as mental accounting is not adding to the list of excuses for doing or not doing things which may not be advisable looking at the profile it is fine. But if it may bother in some way then the person needs to be counselled well.
What is wrong is wrong, but what is wrong for me may not be wrong for you. Different strokes different folks
Sir…what is the relation between mental accounting and accountability of an individual in financial decision making?
How mental accounting and accountability of an individual related?