Change bad spending habits in 5 steps | Your Brain on Money EP.08

Addicted to spending money you want to save? Here’s how to stop. About 40% of the things you do each day are habits. Because we don't maintain conscious control over our habits, bad ones can be hard to break. Habits are a way for our brain to utilize fewer resources to accomplish a task that we perform repetitively. Many of our financial decisions are based on habits. So, to make better financial decisions, we need to cultivate good habits.... ---------------------------------------------------------------------------------------------------------------------------------------------------------- chapters:- 0:00 Making your habits visible to you 1:22 The neuroscience of habits 3:13 What bad and good habits do people have? 4:43 5 specific actions to build better habits Listen To This Next: Adam Grant's #1 phrase to unlock potential The science of super longevity Beat anxiety with the most addictive experience on Earth ------------------------------------------------------------------------------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ------------------------------------------------------------------------------------------------------------------------------------------------------ About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Get Smarter, Faster.... With Episodes From The Worlds Biggest Thinkers. Follow The Podcast And Turn On The Notifications!! Share This Episode If You Found It Valuable Leave A 5 Star Review Learn more about your ad choices. Visit megaphone.fm/adchoices