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How Psychology Influences Financial Decisions: Understanding the Emotional Side of Money (Ep. 26)

Jamie Hopkins, Esq., LLM, CFP®, ChFC®, CLU®, RICP®

Bryn Mawr Trust
Bryn Mawr Trust Advisors

Kate Duffy, FBS^®, MFP

Bryn Mawr Trust Advisors

September 15, 2026

< 1 min read

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Money decisions are often driven by more than numbers. In this episode of the Planning Perspectives Podcast, Jamie Hopkins and Kate Duffy explore how emotions, experiences, and deeply held beliefs influence the way we spend, save, and invest.

They discuss the impact of childhood money experiences, scarcity mindset, and unconscious financial behaviors, while sharing insights on how greater self-awareness can help align financial decisions with personal values and long-term goals.

In this episode, you’ll learn:

How emotions, beliefs, and past experiences shape financial decisions
Why knowing the right financial choice doesn’t always lead to action
The lasting impact of childhood money experiences and scarcity mindset
How intentional spending can better align with your values and goals

Jamie Hopkins, Esq., LLM, CFP®, ChFC®, CLU®, RICP®

Bryn Mawr Trust
Bryn Mawr Trust Advisors

Jamie Hopkins oversees the private wealth management group’s financial advice strategies and growth initiatives, along with leading the institutional and personal trust businesses. He joined the company in 2023.

Kate Duffy, FBS^®, MFP

Bryn Mawr Trust Advisors

Kate Duffy collaborates with clients to provide wealth management strategies, financial planning, and investment advice. She joined the company in 2024.

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