{"id":3419,"date":"2022-08-03T09:44:05","date_gmt":"2022-08-03T09:44:05","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?p=3419"},"modified":"2024-08-27T05:32:10","modified_gmt":"2024-08-27T05:32:10","slug":"sunk-cost-fallacy-affect-finances","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/sunk-cost-fallacy-affect-finances","title":{"rendered":"The Lost Cost Trap: What Is the Sunk Cost Fallacy &#038; How Does it Affect Your Finances?"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">Cognitive biases like the sunk cost fallacy can get in the way of us making reasonable financial moves. Understand the root of the lost cost trap so you can combat it.<\/p>\n<\/div>\n<div class=\"full-bleed-image\"><picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/122-1600x600-1.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/122-1600x600-1.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/122-1600x600-1.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/122-1600x600-1.jpg\" alt=\"\"\/><\/picture><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cognitive biases like the sunk cost fallacy can get in the way of us making reasonable financial moves. Understand the root of the lost cost trap so you can combat it.<\/p>\n","protected":false},"author":1,"featured_media":3422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-3419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is the Sunk Cost Fallacy &amp; How Does it Affect Your Finances? \u2013 Microsoft 365<\/title>\n<meta name=\"description\" content=\"Don\u2019t let the sunk cost fallacy get in the way of making healthy financial decisions. 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