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Should Personal Finance Products be Free?
Manage episode 326023567 series 2868042
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It might seem a bit counter-intuitive to spend money if you are trying to save money or pay off debt. But did you know that when you spend money on something, there are actual psychological reasons why it will help you achieve your goal in the long run?
In this episode, Bethany dives into the Sunken Cost Effect with special guest, Marissa Lyda. They discuss small investments that help save money in the long run, the psychological reasoning behind why spending money can be a major motivator, and why buying things that bring you more TIME increase your levels of happiness.
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