Posts related to “consumer finance”

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Learning Behavioral Design, Part 2: How to Embed Behavioral Design in Organizations

Sep 21, 2017 by ideas42

Over the last year and a half, we collaborated with 11 financial capability organizations to teach them how to apply behavioral insights to their programs. Each organization identified and tackled an initial problem impeding client financial health by leveraging their unique knowledge of the populations they serve. The reach of the Behavioral Design Project (BDP) … Read more.

Keeping the Paths to Credit Open in Mexico

Aug 7, 2017 by Jaclyn Lefkowitz

What is the cost of making a late loan payment? If you’re like most people, you probably think of late fees. But there are also less visible, longer-term consequences that can have a serious impact on financial wellbeing. For example, late payments affect credit scores, which in turn can affect the ability to access credit … Read more.

The Feedback Card: Real-Time Budgeting for Real People

Jul 25, 2017 by Hyunsoo Chang & Will Tucker-Ray

Millions of Americans struggle to manage their complex finances, even with countless budgeting tools that exist to make the process easier. The myriad of features included in these kinds of tools can even add to the complexity, and they often don’t account for the limited time and attention that people experience in real life. That’s … Read more.

What’s Stopping Chileans from Saving

May 8, 2017 by David Munguía Gómez

Saving money is important not only for long-term needs like retirement but also for expenses in the short term. This is because incomes and expenses are not always constant, and people can’t necessarily predict when they will need more cash. A reliable savings cushion is critical when people encounter large, unexpected costs or lose their … Read more.

Financial Literacy Month…with a Behavioral Twist

Apr 24, 2017 by Katy Davis

As an unabashed finance nerd, I love a good tip about how to improve my financial health. I always look forward to April, Financial Literacy Month, for a flood of recommendations. Managing personal finances is hard, and recent research suggests that a huge proportion of Americans, not just those at the lower end of the … Read more.

Boost Savings in Chile: We’re Banking on Behavioral Science

Feb 2, 2017 by David Munguía Gómez

Many of us are aware of the usefulness of “rainy day” savings—what we set aside for emergencies and other unforeseen expenses that creep up on us all. Those savings are in addition to those we accumulate to accomplish larger goals we may have like buying a house or planning for retirement. But understanding the importance … Read more.

Cocoa Farmers Grow Their Savings

Aug 29, 2016 by Alex Blau

Since her husband passed away a few years ago, Marwah has taken care of her family’s cocoa farm all by herself. She is motivated by a promise she and her husband made to help finance their youngest son’s college education. But like many who manage small cocoa farms in Indonesia, Marwah struggles to save money. … Read more.

Learning Behavioral Design, Part One: What Happens When Nobody’s Watching?

Jul 20, 2016 by Vivien Caetano, Katy Davis and Erin Sherman

In the Learning Behavioral Design series, we share lessons from ideas42 projects that aim to teach practitioners how to apply our behavioral design methodology to their day-to-day work. At the launch of ideas42 and JPMorgan Chase & Co.’s new immersive consumer finance initiative, guest speaker Tom Tosuksri wanted to answer one big question that was … Read more.

Introducing Gov42

Mar 28, 2016 by Gov42 Team

Tax Day – April 18 – is just around the corner. But you probably don’t need the reminder since you effortlessly filed your return in January, right? Taxes are a pain. You have to track down documents, navigate jargon, and answer countless questions. On top of the hassles, it’s anxiety-inducing to figure out how much … Read more.