Creierul tău te tratează pe tine, cel de peste 10 ani, ca pe un străin-de-asta nu economisești

Despite financial education efforts in Romania, people's financial behaviors remain unchanged. Research by Rodica Ianole-Călin reveals that individuals perceive their future selves as strangers, affecting their saving habits. The brain's response to thinking about oneself in the future is similar to that of thinking about a stranger, leading to a disconnect in motivation. Automatic savings systems, like those in the second pension pillar, yield better results than voluntary options. Ianole-Călin suggests avoiding rushed financial decisions and giving money specific identities to enhance motivation. Commitment devices, such as Christmas savings accounts, illustrate how people willingly relinquish control to avoid future temptations.