How Food Delivery Apps TRICK YOU Into Overspending

Video Description

The price of convenience & other sneaky tricks... || ⭐️ Don’t wait. Start an exclusive 7-day FREE trial of Motion at → https://www.usemotion.com/ytcreator/cara 🎥 More about this video: From hunting and gathering nuts and berries to hunting and gathering the best meal deals and discounts, so much has changed in how we get our food. As years have passed, we’ve innovated better ways to get our favorite meals on the table, especially as our lives get busier and we run out of time to shop and cook. But that can come with a hefty price, and many find themselves draining their budget with meal delivery apps like UberEats, Grubhub, or Doordash. So how do they do it? From the psychology to the gamification, in this video we talk about how meal delivery apps lure us into spending more money than we should and who is truly benefitting from this industry. Want more videos on money, media, society, and intentional living? Be sure to subscribe for more video essays! 🔍 Resources mentioned: - The food delivery bubble is bursting — and maybe that's not a bad thing: https://www.salon.com/2024/08/04/the-delivery-bubble-is-bursting--and-maybe-thats-not-a-thing/ - Spending on Delivery Services Up 159% Since 2021 to $407 Monthly, on Average: https://www.lendingtree.com/credit-cards/study/delivery-services - The Average American Spends This Much per Week on Food Delivery: https://www.nasdaq.com/articles/the-average-american-spends-this-much-per-week-on-food-delivery - How FOMO Culture Keeps You Poor: https://www.youtube.com/watch?v=Tf-jKDGh_nc - How Discounts Keep You Poor: https://www.youtube.com/watch?v=mEB29kOlkq4 - Shopping Hungry? You'll Spend More (Even If You're Not Buying Food): https://www.forbes.com/sites/kateashford/2015/02/25/shopping-hungry/ - Born to Rest: https://www.harvardmagazine.com/2016/08/born-to-rest - Why do lions sleep so much? https://zooatlanta.org/why-do-lions-sleep-so-much/ - Ordering in: The rapid evolution of food delivery: https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/ordering-in-the-rapid-evolution-of-food-delivery - Food Delivery App Comparison: How Much Can Pick-Up Save You at Popular Chains? [2024]: https://financebuzz.com/compare-costs-food-delivery-apps - Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator - Delivering to deserts: New data reveals the geography of digital access to food in the U.S.: https://www.brookings.edu/articles/delivering-to-deserts-new-data-reveals-the-geography-of-digital-access-to-food-in-the-us/ - Food Delivery Business Model: https://lumosbusiness.com/business-model-canvas-food-delivery-apps/ - The highest-paid CEO in San Francisco was valued at $413 million in 2020: https://www.sfgate.com/tech/article/Doordash-highest-paid-CEO-San-Francisco-413-millio-16231057.php - We ordered over $100 of delivery. Here’s how much the restaurants, drivers, and apps made. https://www.washingtonpost.com/technology/interactive/2023/delivery-app-doordash-grubhub-ubereats/ - Food delivery apps rack up $20bn in losses in fierce battle for diners: https://www.ft.com/content/675f5c8b-6029-4393-8eba-d6f00327e090 - Food delivery fees have soared. How much of it goes to workers? https://www.vox.com/money/24118201/food-delivery-cost-expensive-doordash-ubereats-grubhub - Farewell, Millennial Lifestyle Subsidy: https://www.nytimes.com/2021/06/08/technology/farewell-millennial-lifestyle-subsidy.html 💌 Want to support the channel? Here are a few ways!: - One-time donation: https://www.buymeacoffee.com/cara.nicole - Join my Patreon: patreon.com/caranicole - My Etsy (budget spreadsheets!): https://www.etsy.com/shop/FinancialFreedomGirl?ref=profile_header 🎥 Check out some of my other videos! 🎥 - How FOMO Culture Keeps You Poor: https://www.youtube.com/watch?v=Tf-jKDGh_nc - How Discounts Keep You Poor: https://www.youtube.com/watch?v=mEB29kOlkq4 - How Existential Dread Keeps You Poor: https://www.youtube.com/watch?v=EN6o1T5a9eI Time Stamps: 0:00 your favorite food delivery apps and you 3:16 sweet, sweet convenience 6:04 Motion sponsorship 8:03 present bias 9:32 sinking into subscriptions 11:56 who’s the real winner here? Keywords for some sweet, sweet metadata: Personal finance, money management, deinfluence, deinfluencing, budgeting, budget, credit card, debt, culture, hauls, video essay, video analysis, social media, tiktok, instagram, Pinterest, materialism, overconsumption, consumerism, climate change, shopping, spending money, viral, influencers, cara nicole, money mistakes, investing, investments, retirement, saving