Overcoming Financial Stress With The Saver And The Spender

Episode 55: Cognitive Biases & How they affect our money and spending Part 3 of 6

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Part 3 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! Check out Part 1 and Part 2 of this 6 part series if you haven't yet! It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Attentional bias is impacting the purchases we’re making but also the emphasis we place on those purchases as being life-savers. In this episode we will cover: Attentional bias - what it is and how it’s being used to affect my  decision-making How this shows up on a regular basis for us How it’s impacting the purchases we make and possibly leading to buyer’s remorse  How we can overcome this bias Steps to overcome Attentional Bias: Solution 1: Talk to someone you trust about it. When you’re about to spend your hard-earned money on something, share it with the group or with me or with Jill so we can give you our opinions. We are not falling victim