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Money 2.0: Why We Bust Our Budgets

Hidden Brain

How to Reclassify Unexpected Expenses

2min Snip

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00:00
Abbey has come up with several hacks to avoid falling into some of the traps of mental accounting. One of these hacks is to find ways to reclassify unexpected expenses. Research on price partition shows that when you break down the price in this way, people also tend to recall a lower total price.

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