002. Why we spend the way we spend

Why do we spend money the way we spend it? We attempt to break down the psychology of spending, exploring the complex combination of personal, societal, and cultural factors that influence how we spend our money. Co-host Erica introduces herself as one of the rotating hosts and shares her background, money story, and her love of baseball. Next, we dig into the top reasons people overspend and explore how our upbringing, cultural background, and exposure to advertising and marketing can shape our attitudes and behaviors around money. Finally, we encourage you to reflect on your spending habits and set practical goals for improving your financial health. Ultimately we’re focused on understanding the psychological drivers of our spending behaviors and taking intentional steps toward financial well-being.

Get the full show notes, show references, and more information here: 

https://insideoutmoney.org/002-why-we-spend-the-way-we-spend/