Randomly ask any of your friends how often they check their phone, and most will probably say something like 20-30 times, maybe 50 times a day. Yet stats show that ⅔ of Americans unlock their phone over 160 times a day. Luckily screen time and other similar apps can help us to understand that there is a big difference between what we think that we’re doing and what we’re actually doing. As humans we’re not the most rational and self-aware beings. We often believe that we’re incredibly objective but it probably depends more on the day of the week, how hungry we are, and who we’re talking with. But we believe that by understanding and naming some different behavioral science and economic terms, that we can better realize our tendency to make irrational gut reactions and think differently about how and why we make decisions in the first place.

  • Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cash back offer! Just toggle the sliders and you’ll know which card to consider.

During this episode we enjoyed a Volume Integral by Pontoon Brewing- a big thanks to Miguel for donating this one to the podcast! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

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