Chatterbox #346 – The psychology of spending money

Why does paying with cash feel different from tapping your phone? In this Chatterbox episode, Andrew and Anna talk about the psychology of spending money. They share what they happily pay extra for, what they refuse to spend on, and the small tricks companies use to get more money out of our wallets. Along the way, they look at why we sometimes feel like we got a great deal even when we just spent five times what we intended.
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References:

Dan Ariely TED Talk, Are we in control of our own decisions? — Watch here:
American Psychological Association, The psychology of spending* — Read here:

🔑 Key expressions

Keep an ear out for these phrases during the episode:

• To recoil
• Hit or miss
• To break a bill
• Couldn’t give a toss
• To be averse to
• To game