Ep 358: The Psychology Behind Our Shopping Habits

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 15 February 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

The phrase “limited time only” lights up our brains and causes us to spend money when we otherwise wouldn’t. That’s because we can’t stand to lose out on a good deal — even when it risks our budgets. Marketing and psychology expert Dr. Mindy Weinstein breaks down the science behind our impulse purchases and the marketing tactics that businesses use to open our wallets. Listen to learn how to resist buying into the latest trends — and how to use marketing to your own advantage. In Mailbag, we answer questions about long-term care and part-time work. In Thrive, how to stop paying the pink tax. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an AirWave Media Podcast.
0:04.0	Really plain hard to get means valuing yourself.
0:10.0	Because remember, scarcity equals value.
0:12.0	So if you value yourself, you know what you stand for.
0:15.0	You know who you are.
0:16.0	You're confident in you.
0:18.0	That shows your value.
0:20.0	And that still shows that maybe you're a little bit harder to get.
0:25.0	You know, maybe you're not available to everybody.
0:28.0	Music
0:35.0	Investing in the market is about more than just money.
0:38.0	It's about investing in your future and your choices.
0:41.0	It's investing in you.
0:44.0	If you're looking to optimize your investment strategy,
0:47.0	visit plan EFE.com slash for money and schedule a free appointment
0:52.0	with an advisor today.
0:54.0	Hey everybody, I'm Gene Chatsky.
0:56.0	Thank you so much for joining me today on her money.
1:00.0	So have you ever seen an ad on Facebook or more likely Instagram?
1:06.0	For something that you really don't need.
1:09.0	But you end up buying it anyway.
1:12.0	If you're not in right now, don't feel ashamed.
	...

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