How to trick your brain into saving money | Your Brain on Money EP.04 | Big Think

How to trick your brain into saving money Thanks to evolution, humans are not great at thinking and planning long term. "The human brain just has certain tendencies," says neuroscientist Alex Korb. "We're always going to pay more attention to things that are immediate right now." Luckily, there are ways to counteract our natural habits. Retirement can feel abstract—especially for young people who are just starting in their careers—which makes preparing for it less of a priority. By understanding how the brain impacts certain decisions, we can hack those biases to develop better saving practices and work toward more tangible goals. "Saving one dollar a day is infinitely better than saving zero dollars a day," says Korb. Building on small decisions over time gives you the ability to course correct if strategies are not working out, and leaves room for meaningful progress at your own pace. ------------------------------------------------------------------------------------------------------------------------------------------------------------ Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business Listen To This Next: Adam Grant's #1 phrase to unlock potential The science of super longevity Beat anxiety with the most addictive experience on Earth ----------------------------------------------------------------------------------------------------------------------------------------------------------- About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Get Smarter, Faster. With Episodes From The Worlds Biggest Thinkers. Follow The Podcast And Turn On The Notifications Share This Episode If You Found It Valuable Leave A 5 Star Review Learn more about your ad choices. Visit megaphone.fm/adchoices