Most people can’t save money and end up living paycheck to paycheck. Even many that try, fail to save. Today I’ll cover the hidden reasons why it’s so difficult to save that most people don’t think about or realize. Most of these reasons are psychological, but once you identify them you’ll be able to break through and avoid falling into these hidden money traps!

This video is inspired by the Hidden Brain’s episode “Money 2.0 Why we bust our budgets”. Listen to the full episode here: https://hiddenbrain.org/podcast/money...

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⏱ TIMESTAMP
0:00 Why we bust our budgets
0:37 Unpredictable expenses
1:39 Oneoff events
4:39 Mental accounting
5:06 The source effect
6:45 The context effect
7:26 The ratio effect
8:02 The what the hell effect
9:04 Summary
9:43 Which of these are your weakness?
10:05 3 tips to help you succeed
11:14 Thank you subscribe!

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