Photo: iStockphoto/Getty ImagesCan electronic reminders help curb spending? We then asked them if they wanted to spend money we had just given them on locally produced honey. Some of the participants received an electronic nudge or reminder designed to stop them from spending the money. Salience labels—things like electronic spending reminders, smoking warnings and calorie labels—are designed to evoke emotions. For spendthrifts, they may want to avoid apps or other programs with electronic spending reminders and instead rely on automatic withdrawals to regulate spending and help them save money.

Source: Wall Street Journal September 11, 2017 02:06 UTC