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Money can't buy it, baby, baby.

Is there an art to spending your own money?

We spent a lot of time around these parts discussing earning and, of course, investing money,

but how often do we really think deeply about spending it?

I'm Barry Riddholtz, and on today's edition of At the Money,

we're going to discuss how you should think about spending your cash.

To help us unpack all of this and what it means for you, let's bring in Morgan Housel.

He's the author of The Psychology of Money. The book has received widespread acclaim and has sold over 7 million copies worldwide.

His new book, The Art of Spending Money, Simple Choices for a Richer Life, arrives in October.

So, Morgan, you've covered human behavior and nature.

What led you to say, I want to write about a new book about the art of spending money?

Well, thanks, Barry.

The first reason was I didn't call this book the science of spending money because I don't think that exists.

Science implies that there is like a one size fits all rule for you and I.

...