The Sunk Cost Trap: How to Stop Throwing Good Money After Bad
A plain-English guide to the sunk cost fallacy — why 'I've already paid for it' keeps Australian families spending more, and how to finally let go.
Money & tax, made simple
Topics
Perspective, habits and the mindset behind better money decisions for everyday Australians.
A plain-English guide to the sunk cost fallacy — why 'I've already paid for it' keeps Australian families spending more, and how to finally let go.
Ever wonder why a bigger salary still leaves you counting down to payday? Lifestyle creep is the quiet culprit. Here's how to spot it — and gently reverse it.
Scrolling past other families' holidays and cars can make you feel broke. Ava shares why comparison spending is a budget trap — and how Australian families can quietly opt out.
Impulse spending is a family budget killer. Ava shares the dead-simple 72-hour rule that helped one family cut unnecessary spending by $360 a month — without feeling deprived.
Three small, repeatable money habits that build real wealth over time for everyday Australians — automation, paying yourself first, and reviewing the things you forgot you pay for.