Karen[Escriba el nombre de la compañía]

01/01/20152015

MoneyMoney management. Human behavior toward money.

José Manuel Lacán, Karen Castellanos, Cristian Zapata, Lizbeth Chinchilla, Jorge López

Money:“What is the money?”

Store of value, which means people can save it and use it later.

Unit of account, that is, provide a common base for prices.

Medium of exchange, something that people can use to buy and sell from one another.

Financial gain.

Medium of exchange that facilitates trade. 

Money isn't just pieces of paper.

Money Management: Money management is the process of knowing where you are spending your money today and having a well-thought-out plan in place for where you want it to go in the future.You have to know this things:

Set Goals Get Organized Track Spending Build a Budget Save Money

Is the process of managing money which includes investment, budgeting, banking and taxes. It is

also called investment management. Is a

strategic technique employed at making

money yield the highest of interest-yielding value for any amount of it spent. Spending money to satisfy all cravings. The idea of money management techniques is developed to plummet the amount which individuals, firms and institutions spend on items that add no significant value to their living standards, long-term portfolios and asset-basins. This is the making of every financial transactions to be worth the expense:

1. avoid any snob-appealing expense

2. always go for the most cost-effective alternative

(establishing small quality-

variance bench-mark, if any)

3. increase expenses more on interest bearing item

than any other thing 4. establish the expected

benefits of every desired expense using the canon of plus/minus/nil to standard

of living value system. The process of budgeting,

saving, investing, spending or otherwise in overseeing

the cash usage of an individual or group. The predominant use of the

phrase in financial markets is that of an investment

professional making investment decisions for large pools of funds, such

as mutual funds or pension plans.

Human Behavior Toward Money:

Psychologists who study the impact of wealth and inequality in human behavior have found that money can strongly influence our thoughts and actions in ways that often are not aware, regardless of our

economic circumstances. Although wealth is subjective, most researchers measure wealth in scales of income, employment status or measures of socioeconomic circumstances, such as education and intergenerational wealth.

Several studies have shown that wealth may conflict with empathy and compassion. Research published in Psychological Science found that people with low economic level were better at reading than richer people facial expressions of others (an important marker of empathy).

A lot of psychologist uses the term “affluenza” to define a phenomenon in human behavior as a "painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste, resulting from the dogged pursuit of more". Because in a lot of studies of psychologists says that the empathy and compassion are related with the people’s wealth. A study of the journal Psychological Science also found that people of lower economic status were better at reading others' facial expressions. 

The high wealth is related with the susceptibility to addiction problems. The addiction problem is more liable when we have a lot of money because the people have more problems with family and they think that with some addiction distracted from the familiar problem.

The human behavior change a lot when the people tried to get more and more money, it’s make that some people become to money addicted, the wealth have a stereotype for this problem and a lot of people think that money is bad or evil.

When Children were growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating and stealing.

When we understand that money doesn’t buy happiness, we will be happy with our families and friends. We enjoy each moment without concerns of we spend.

E –graphy

http://www.imf.org/external/pubs/ft/fandd/2012/09/basics.htm

http://en.wikipedia.org/wiki/Money_management

http://www.investopedia.com/terms/m/moneymanagement.asp