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When was the last time your brain tricked you into losing money?

Almost this morning, Sean, when I'm hungry and lazy, my brain tells me that I need to get

at Uber eats and I almost Uber eats some croissants. Don't judge me. I feel that. I'm the same way

before bed is scrolling through my phone and my brain is always telling me to spend money I don't

need to spend. Welcome to Nerd Wallet's Smart Money Podcast where you send us your money questions

and we answer them with the help of our genius nerds.

I'm Sean Piles.

And I'm Elizabeth Ayola.

On this episode, we're going to answer listener question about how climate change is affecting how people decide whether home ownership is worth the risk and the expense.

But first, we're talking about the behavioral financial biases that are costing you money

and what you can do about it.

So as a quick recap for folks who may not know, behavioral finance is a field of study

that explores how emotional factors and personal biases affect our financial decision-making.

And it turns out that we are not the highly rational robots

making financial money decisions in a vacuum. We're actually super. Nope. We are highly irrational

animals, Elizabeth. We're basically right out of the jungle throwing money at whatever

looks shiny and nice to us. But financial biases are a subset of behavioral finance. And they

describe how certain preconceived

notions or tendencies can lead to some less than ideal outcomes for our finances.

There are so many different financial biases out there.

...