The most Common Biases Influencing Our Spending Habits

OneUp Project

Kia ora to all the beautiful people about to listen to this episode, you are joining thousands each month looking to upskill and become a better version of themselves.
Discuss insights from the book 'The Choice Factory' by Richard Shotton with me! We are breaking down the intricate world of influential biases that shape our spending behaviours. I want to reveal how these biases silently impact our financial choices.
Within this episode we discuss:

• Understanding Behavioural Economics
• Insights from "The Choice Factory": Exploring the book's pivotal concepts that illuminate how biases influence our spending decisions.
• Exploration of Common Biases: Delving into biases such as anchoring, loss aversion, and social proof, revealing their impact on our spending behaviours.
• Real-Life Examples & Scenarios: Illustrating how these biases manifest in everyday situations, affecting our purchasing choices.
• Effect on Consumer Behaviour: Discussing the significant influence of biases on consumer decision-making and financial habits.
• Strategies to Counter Biases: Learning practical methods to recognise and mitigate biases for more informed and mindful spending.
• Applying Book Principles in Daily Life: Using the book's principles to enhance financial literacy and make smarter spending decisions

Looking forward to hearing from you as always - enjoy the episode!
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DISCLAIMER:
The OneUp Project is an educational platform that provides information that is general in nature. There may be opinions or an individuals experience within this resource that should not be considered as recommendations or personal advice. Everyone’s financial situation is so different and you must use the information within this resource at your own risk. Please complete your own due diligence before making any decisions based on the information in this resource. I am not a financial advisor and if you require expert advice please seek advice from a professional.