Get the app
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app

Podcast: Why We Spend Money Irrationally with Jeff Kreisler

January 30, 2018

1 min read

Why do we spend money? Here’s one reason: It feels good.

It’s a matter of science. A swipe of a credit card, the click of that button. To your brain, it can feel like a hug. Until you look at your bank balance and wonder where all your money went. Then you feel like crying.

Face it, when it comes to money and spending, we’re not rational beings.

We don’t always buy milk at the store where it’s cheapest. Sometimes we buy it at the store that’s closest to our home or where’s nearest to the pet store where they have the cutest dogs in the window.

There are plenty of ways that companies seek to cash in on our emotional and irrational spending. Think flash sales, markdowns, one-click shopping, and impulse add-ons. It’s just so easy to spend.

But then why does it hurt so much to save? Isn’t saving money good for us? 

On this week’s episode of Teach Me How To Money, we talk to Jeff Kreisler, co-author of the hot new behavioral finance book “Dollars and Sense.”

We discuss  the “pain of paying” and how companies exploit it to keep us spending money on things we don’t need.

Got a question you’d like us to answer on the show? Drop us a line at We’ll do our best to get to all of them.

Don't have Stash yet?

Here's $5 to get you started on your investment journey.

Get my $5

By Stash Team

This podcast should not be copied, distributed, published, or reproduced in full or in part. The information contained in this podcast does not constitute a recommendation from Stash to the listener. Neither Stash, nor any of its officers, directors, or employees makes any representation or warranty as to the accuracy or completeness of the statements, or any of the information contained in this podcast, and any liability therefore, including in respect of direct, indirect, or consequential loss or damage, is expressly disclaimed. The views expressed in this podcast are not necessarily those of Stash. And Stash is not providing any financial, economic, legal, accounting, or tax advice, or recommendations in this podcast.

In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice by Stash to the listener, nor to constitute such a person a client of Stash.

Next for you
Nudge, Nudge: Nobel Prize Winner Tackles Irrational Financial Behavior

Investment Profile

Bonds Worldwide

An International Bond ETF on Stash

Learn more
Explore more articlesChoose a topic to learn more about
love and money budgeting social media Retirement market news

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit