Ep.164 The Psychology of Spending: How Companies Trick You
03/20/25 • 0 min
The Psychology of Spending: How Companies Trick You đź›’đź’°
Ever wonder why you overspend? It’s not by accident—companies design it that way!
🔹 The .99 Trick – $9.99 feels cheaper than $10
🔹 Price Anchoring – Showing expensive items first makes others seem like a steal
🔹 Scarcity Tactics – "Only 2 left!" triggers FOMO & panic buying
🔹 Buy Now, Pay Later – Makes spending painless... until the bill arrives
Knowing these tricks = spending smarter & keeping more money in your pocket! 🧠💡
The Psychology of Spending: How Companies Trick You đź›’đź’°
Ever wonder why you overspend? It’s not by accident—companies design it that way!
🔹 The .99 Trick – $9.99 feels cheaper than $10
🔹 Price Anchoring – Showing expensive items first makes others seem like a steal
🔹 Scarcity Tactics – "Only 2 left!" triggers FOMO & panic buying
🔹 Buy Now, Pay Later – Makes spending painless... until the bill arrives
Knowing these tricks = spending smarter & keeping more money in your pocket! 🧠💡
Previous Episode
Ep.163 Hidden Ways You’re Losing Money Every Month
Hidden Ways You’re Losing Money Every Month 💸
You might be losing hundreds without realizing it! 🚨 Here’s where your money disappears:
🔹 Subscription Creep – Forgotten memberships you don’t use
🔹 Bank Fees – Unnecessary charges eating into your savings
🔹 High Credit Card Interest – Paying more than you should
🔹 Impulse Buys – Little purchases that add up fast
Track every dollar for a month—you’ll be shocked at the leaks. Plugging these small holes = big long-term gains. 🚀
Next Episode
Ep.165 Should You Pay Off Debt or Invest First?
Should You Pay Off Debt or Invest First? 💰📉
The golden rule: Compare your debt interest rate to potential investment returns.
✔️ If debt interest is >7% → Pay it off ASAP (it’s costing you more than investing would earn).
✔️ If debt interest is <7% → Invest while making minimum payments (your money can grow faster).
🎯 Example:
- Credit card at 18%? Kill that debt now.
- Mortgage at 3%? Investing likely makes more sense.
💡 But don’t ignore emotions—some people just sleep better debt-free. Do what works for YOU!
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