AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
One economist's take on popular advice for saving, borrowing, and spending
Planet Money
Mental Accounting
Mental accounting is the practice of breaking up your wealth into different little buckets. In more extreme versions of mental accounting, you cannot use the money that you're saving for your Hawaii vacation to save up for the down payment and apply it to the down payment. Maybe increasing your spending a little bit in your 20s actually is going to boost your lifetime total happiness.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode