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

Addicted to spending money you want to save? Here’s how to stop.

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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.

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

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We created this video in partnership with @MillionStoriesMedia


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44 thoughts on “Change bad spending habits in 5 steps | Your Brain on Money”

  1. My money have this habit called inflation. They got so skilled, they call it hyperinflation now.

    I tried to cure it with a new habit called investment, but the stock went down.

    So now I own hyperinflated money and stocks. Thank you!

  2. I like BT , topics are interesting and the way of saying the topic is nice. But as an audience and a filmmaker, please use less emotional background music, which lower the neutrality and increase the brainwashing feeling 😅. Make things simple , please, and thank you for this good channel

  3. Best way to save money – buy less car than you need, buy less apartment/house than you need. You only have to try to save once when you sign the dotted line. You will not have to use any willpower whatsoever for the life of your car and home. You'll save so much that you can splurge on a mocha every now and then without guilt.

  4. DIY will save you a LOT of money. Instead of buying that latte, buy a mocha pot and create your favorite lattes before you even leave the house! Similarly, there are many things we can learn to do ourselves, esp. from FREE YouTube videos that cost much less. Remember: Starbucks is not even "real" coffee. I don't even go there anymore and have saved myself THOUSANDS of dollars.

  5. “… moved from hacking computers to hacking brains.” Does that mean there is more in common with AI and humans than we like to accept? Are we humans more programmed or algorithmic than we like to think? If habits prove us automatons, what are the tests of intelligence, consciousness, creativity? Do we apply these tests equally to persons as we do other animals as we do AI?

  6. I find it WEIRD that only Moran Cerf is subtitled when he speaks because he has a French accent. What’s with that? Was his enunciation so bad that you had to assist your viewers to understand him?

  7. I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment.. Can someone recommend a good expert that trade on my behalf and generate profit for me..

  8. If any of you were interested in the habit side of things, like how they work, how they affect us and how to change them, I highly recommend 'The Power of Habit'. It's an insightful book and a really fun read.

  9. "All big things come from small beginnings. The seed of every habit is a single, tiny decision. But as that decision is repeated, a habit sprouts and grows stronger. Roots entrench themselves and branches grow. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.

    Behaviour that is incongruent with the self will not last. You may want more money,but if your identity is someone who consumes rather than creates, then you will continuously be pulled towards spending rather than earning. You may want better health,but if you continue to prioritize comfort over accomplishment,you all be drawn to relaxing rather than training."

  10. Big Think is one of the most greatest channel to ever exist and i can proudly say that. You guys go in to such great topics that help to develop a person.But there is one main flaw in how you present your videos. In todays work you need to express complex information in an easier and shorter manner but immediately when i click in your video one intelectual person shows up( no offense) and keeps on talking using complex word. You know one of the reasons why trump won is that he conveyed complex words in simple language and in a fun way. What you have is great concepts but boring execution. yOU Guys have a person who stands or sit infront of a white wall and keeps on talking. Try to make your concepts simpler and easier along with fun to understand.(love you)

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