The psychology of spending, debt and budgeting, with Abigail Sussman, PhD
About this episode
Abigail Sussman, PhD, discusses the psychological factors influencing spending, debt, and budgeting, along with strategies for better financial management.
Buy now, pay later plans have skyrocketed in popularity in recent years, adding yet another variable to consider when making spending decisions. Abigail Sussman, PhD, discusses the psychological biases that influence how we spend, budget and borrow, including why splitting payments can make purchases feel more affordable, why we underestimate irregular expenses, and why many people carry debt even when they have savings. She also shares research-based strategies to help you make more deliberate choices and better manage your money. Learn more about your ad choices. Visit megaphone.fm/adchoices
People in this episode
Guest: Abigail Sussman, PhD
Topics covered
- spending psychology
- debt management
- budgeting strategies
- financial decision-making
- psychological biases
Keywords
- buy now pay later
- spending decisions
- budgeting
- debt
- financial psychology
Mentioned in this episode
Organizations: American Psychological Association
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