Sometimes the sunk cost fallacy shows up in more complex ways that affect your long-term finances and life satisfaction, like with your career choices.

Breaking Free from the Fallacy Recognizing when you’re caught in the sunk cost trap is the first step toward freedom. Ask yourself these questions: ...

The problem is often compounded by the sunk cost fallacy, by which we refuse to accept failure when costs escalate and delays accumulate, and throw more time and money at the project instead.

The sunk cost effect has been widely observed in individual decisions. Building on an intrapersonal self-management game, the paper theoretically shows that the sunk cost effect may stem from an ...

Nationally, the median annual cost of raising a child was $22,850, according to SmartAsset. Here how much it costs to raise kids in Sacramento and other California cities: ...

Instead of spending money on day trips or family vacations to keep my kids entertained all summer, I built a backyard they love. We love staying home.

Some parents are dealing with high childcare and housing costs while putting money in their kids' college funds. SolStock/Getty Images ...

Kids’ birthday parties can be expensive especially if you have them somewhere other than your home, like a trampoline park or laser tag arcade. So what can you do to cut costs?

SHREVEPORT, La. - Today was a special Tuesday edition of "Your Money." Colin Evans with Evans Financial stopped by KTBS to talk about the home gifting mistake that could cost your kids thousands.

Is motherhood costing women more than sleepless nights? Consumer Investigator Rachel DePompa talks to Bankrate about the so-called motherhood penalty.