Scott Rick, an associate professor at the University of Michigan's Ross School of Business, dives into the emotional forces that influence our shopping habits. He explores why some people effortlessly spend while others struggle, dissecting the concepts of tightwads and spendthrifts. Rick reveals how events like Black Friday play with our emotions and why 'retail therapy' might not be as effective as we think. He also touches on the development of spending behaviors in children and the tensions between financial personalities in relationships.

Marketing Professor and Author, Scott Rick, discusses the psychology of tightwad and spendthrift behaviors, the impact on relationships, financial infidelity, joint and individual accounts, gift-giving, marrying for love or money, giving kids a good financial education, and more in his book Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships.

Scott Rick, a marketing professor at the University of Michigan’s Ross School of Business, unpacks the tension between spenders and tightwads in relationships. He explores how differing financial philosophies can create friction, and the emotional struggles of tightwads. The conversation dives into shopping momentum and the psychology behind spending habits, shedding light on the dynamics of budgeting and communication in couples. Rick emphasizes the importance of understanding children's financial perceptions shaped by parental behavior and the art of spontaneous gifting.

Author Scott Rick discusses the differences between tightwads and spendthrifts and offers tips for finding financial balance. The episode also covers the challenges couples face with different financial personalities and the importance of thoughtful gift-giving in relationships.

Scott Rick, a marketing professor, discusses tightwads and spendthrifts in relationships. Topics include emotions in financial decisions, spectrum between spenders and savers, 'what the hell effect', societal perceptions of spending habits, and strategies for managing finances in relationships.