Many people are unaware of the "sunk cost fallacy," a common trap in personal finance where we continue to invest in a failing venture due to the amount already spent. It can impede financial progress by diverting funds from better opportunities. Acknowledging this psychological hurdle is a game-changer in maximizing financial efficiency. Have you ever fallen for the sunk cost fallacy? How did you realize it, and what steps did you take to overcome this bias in your financial decisions? Share your encounters!