Why'd You Buy That?

Drew and Dan co-founders of Weekly, a budgeting app, talk about fun topics in personal finance while also delving into the art and science of budgeting. You can find Weekly at Weekly budgeting.

Latest Episodes

March 10, 2020 NaN
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CoronaVirus, Dan Sells His Juicer, Manuals and Staying On Track Toward a Goal

CoronaVirus, Dan’s Sells His Juicer, Manuals and Staying On Track Toward a Goal ...

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February 25, 2020 NaN
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Sunk Costs, "Experimental" Purchases and Conversation with Chris Chapman from Next Level Minds

Why are you more likely to attend a football game in the dead of winter in a blizzard if you paid for a ticket instead of gotten it for free?   It's hard to let go of things we have invested in, even if continuing with them is not in our best interest.  This is the phenomenon of sunk costs.  In this week's podcast, Dan and Drew explore the psychology of sunk costs then talk about the virtues of thinking about some purchases as "experiments" so that we can more easily let go of them if they don't work out. Then, Drew has a conversation with Chris Chapman, the founder of the Next Level Minds podcast about money lessons he learned through the years.  Thank you to:  Chris Chapman: Next Level Minds Podcast  Reference: Psychology of Sunk Costs Arkes, Hal & Blumer, Catherine. (1985). The psychology of sunk cost. Organizational Behavior and Human Decision Processes. 35. 124-140. 10.1016/0749-5978(85)90049-4. ...

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February 07, 2020 NaN
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Tricks Retailers Use That Get Us Spending More and Challenging the Frugality Mindset

Dan and Drew discuss the tricks used by retailers to get us to spend more.  Also we ponder a great mystery of the universe, how long is too long to take something back to COSTCO?  Dan provides a, um, case study.   You gotta hear it. But before we get into that piece, Dan and Drew discuss when its best to challenge your frugality mindset and spend more in areas that are providing real value in your life. Like and subscribe! Source articles -  MSN - https://www.msn.com/en-us/money/savemoney/20-ways-companies-trick-you-into-spending-more-money/ss-BBZmOK9 Tim Ferris - https://tim.blog/2019/12/30/where-are-you-still-using-single-ply       ...

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January 24, 2020 NaN
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Selling Your Old Stuff Online (Is It Worth It?), 'Why'd You Buy That' and Two Highly Requested New Features

Ep 10 - Selling Your Old Stuff Online (Is It Worth It?), 'Why'd You Buy That' and Two Highly Requested New Features ...

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January 12, 2020 NaN
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Things To Give Up to Be Successful in 2020, 'Why'd You Buy That' and Top Stocks of the Century

It's 2020, and inspired by an article on CNBC, Drew and Dan discuss what things to give up in the new year to be successful.  Also, Drew and Dan so a round of "Why'd You Buy That" and find out which stock if you had bought $100 of it in the year 2000 would today be worth $62,544! Sources:  How Much https://howmuch.net/articles/best-performing-stocks CNBC Article https://www.cnbc.com/2016/12/30/13-things-you-should-give-up-if-you-want-to-be-successful.html ...

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December 16, 2019 NaN
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Stockings and Student Loans

In episode 8 of the Budgeting Redefined podcast, we debate the art and science of savings for kids Christmas gifts. Then we have a fascinating interview with Nick Sky, the co-founder of Changed.  Changed is an app that helps you accelerate paying off student loan debt by rounding up your bank transactions and applying the difference to the loans. Give it a listen!   Also, you can download Changed App here -> https://gochanged.com Photo by Dan LeFebvre on Unsplash ...

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