The Psychology of Spending: Why Smart People Make Bad Money Choices

Your brain isn't built for modern money. Understanding a few biases can save you thousands.

Maya Okafor

Published Sep 7, 2026 · 6 min read

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Present bias, social comparison and loss aversion shape most money decisions. Awareness alone won't fix them — but good systems can.

#psychology #mindset #behavioral finance

Written by

Maya Okafor

Senior Money Editor

Maya writes about the everyday systems that make money feel lighter — budgeting, saving and spending with intention.

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