The Psychology of Spending | Pocket Byte #14

In this episode of The Wealth Effect, we dive into the hidden psychology of spending. Why do we buy things to feel in control? To signal who we are? To avoid discomfort or regret? From the illusion of control to the trap of convenience and the fear of missing out, we explore the unseen forces that influence where our money goes and why it often slips through our fingers.

You’ll learn about:

• The emotional triggers that drive impulsive purchases
  
  
• The role identity plays in shaping your financial habits
  
  
• How marketers use anchoring and urgency to influence your decisions
  
  
• Why letting go of things is harder than it seems and what that reveals about us
  
  
• How small conveniences come with a high hidden cost
  
  

This isn’t just a conversation about money. It’s a deep dive into how you think and how you can shift your mindset to spend with intention, build real control, and use money as a tool to build a life that reflects your values.