This week on hidden brain, many people around the world worry about money. Many of us feel we spend too much and save too little. Sometimes when we look back at our own behavior, we see that we were penny wise and pound foolish. We explore a curious cognitive trap that affects how we make and blow through our budgets. Also consider how we can avoid some of the psychological pitfalls in making and sticking to are budgets, deals, decisions and debt.
Have you had a recent surprise expense? You're not alone. More than half of American households report facing an unplanned financial shock in the last year. This week, in the second part of our new "Money 2.0" series, psychologist Abigail Sussman points out our blindspots around money, and how we can be smarter about spending and saving.
If you like this show, be sure to listen to last week's episode on how our unconscious attitudes towards money influence how we manage our finances.
Also, check out our new podcast, My Unsung Hero! And if you'd like to support our work, you can do so at support.hiddenbrain.org.