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

Video Description

Addicted to spending money you want to save? Here’s how to stop. Subscribe to Big Think on YouTube ► https://www.youtube.com/channel/UCvQECJukTDE2i6aCoMnS-Vg?sub_confirmation=1 Watch the full Your Brain on Money playlist ► https://youtube.com/playlist?list=PL5uULy4b0kV5zJ51YpEmjwoXIJdl_KCOL 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 Watch on Bigthink.com ► https://bigthink.com/series/your-brain-on-money/bad-money-habits/ We created this video in partnership with @MillionStoriesMedia ---------------------------------------------------------------------------------- About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. ► Big Think+ Make your business smarter, faster: https://bigthink.com/plus/ ---------------------------------------------------------------------------------- Want more Big Think? ► Daily editorial features: https://bigthink.com/popular/ ► Get the best of Big Think right to your inbox: https://bigthink.com/st/newsletter ► Facebook: https://bigth.ink/facebook ► Instagram: https://bigth.ink/Instagram ► Twitter: https://bigth.ink/twitter