Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do.
Dan ArielyThere's something about [cyclically] doing something over and over and over that seems to be particularly demotivating.
Dan ArielyWhen you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.
Dan ArielyGiving up on our long-term goals for immediate gratification, my friends, is procrastination.
Dan Ariely