Big Think

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

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Addicted to spending money you want to save? Here’s how to stop.

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

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