Chatterbox #346 – The psychology of spending money

Why does paying with cash feel different from tapping your phone? In this Chatterbox episode, Andrew and Anna talk about the psychology of spending money. They share what they happily pay extra for, what they refuse to spend on, and the small tricks companies use to get more money out of our wallets. Along the way, they look at why we sometimes feel like we got a great deal even when we just spent five times what we intended. Listening to many natural responses is one of the best ways to build your everyday listening skills in English. The brand-new Culips app is live! Study this episode with an interactive transcript and vocabulary glossary: Open this lesson in the Culips app. References: Dan Ariely TED Talk, Are we in control of our own decisions? — Watch here: Keep an ear out for these phrases during the episode: To recoil Hit or miss To break a bill Couldn't give a toss To be averse to To game