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A review by mildnothing
Mind Over Money by Claudia Hammond
3.0
Mind over Money gives a good overview about the state of research in the field of the psychology of money and how we spend it.
A lot of the studies mentioned here also deal with money/happiness and money/motivation, so I had quite a bit of overlap from the last audiobook I listened to ([b:Drive: The Surprising Truth About What Motivates Us|6452796|Drive The Surprising Truth About What Motivates Us|Daniel H. Pink|https://images.gr-assets.com/books/1348931599s/6452796.jpg|6643001]).
However, the summarized list of advice at the end of the book is quite helpful to remember a few tricks of how to handle money in a more intelligent way in the future.
Especially the hint "If you want to build a nuclear waste area, do not bribe locals with money" will probably come in handy at some point.
Some tips I found interesting include:
* imagine your money lies in a bank far away from you and you'll spend less (however, with online banking I don't really see how this would work)
* have only a single bank account >> see how much money you own >> spend less because you have a better grasp of how much you have
* speak - or rather think - German (winning!): This was an interesting one. Apparently, because German is a language in which the grammatical forms for the future are somewhat close and the future does not necessarily lie far ahead, thinking in this way can lead to wiser spending decisions. (e.g., "Morgen ist es kalt.", as opposed to "Morgen wird es kalt.", is a correct sentence, because the Morgen already implies the future, while the ist is present tense.)
* use piggy banks?
* buy snacks in cash and you'll probably snack less (and make healthier choices).
A lot of the studies mentioned here also deal with money/happiness and money/motivation, so I had quite a bit of overlap from the last audiobook I listened to ([b:Drive: The Surprising Truth About What Motivates Us|6452796|Drive The Surprising Truth About What Motivates Us|Daniel H. Pink|https://images.gr-assets.com/books/1348931599s/6452796.jpg|6643001]).
However, the summarized list of advice at the end of the book is quite helpful to remember a few tricks of how to handle money in a more intelligent way in the future.
Spoiler
Especially the hint "If you want to build a nuclear waste area, do not bribe locals with money" will probably come in handy at some point.
Some tips I found interesting include:
* imagine your money lies in a bank far away from you and you'll spend less (however, with online banking I don't really see how this would work)
* have only a single bank account >> see how much money you own >> spend less because you have a better grasp of how much you have
* speak - or rather think - German (winning!): This was an interesting one. Apparently, because German is a language in which the grammatical forms for the future are somewhat close and the future does not necessarily lie far ahead, thinking in this way can lead to wiser spending decisions. (e.g., "Morgen ist es kalt.", as opposed to "Morgen wird es kalt.", is a correct sentence, because the Morgen already implies the future, while the ist is present tense.)
* use piggy banks?
* buy snacks in cash and you'll probably snack less (and make healthier choices).