Spend less - Deepstash

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How to Make Smarter Decisions by Designing Your Defaults

Spend less

  • Use cash for your daily expenses by default.
  • Never buy something on impulse. Think about how many hours it took you to earn that money.
  • Go for quality, not quantity.
  • Stick to the list when grocery shopping.
  • Go to the supermarket when you are full.
  • Cancel unused subscriptions and everything you can live without.

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SIMILAR ARTICLES & IDEAS:

Position of products influences our decision of buying
We don't just buy products because of what they are, but we often buy them because of where they are. For example, items on store shelves that are at eye level tend to be purchased more than items on less visible shelves.

Optimize for defaultsShift your environment so that the good behaviors are easier and the bad behaviors are harder.

Optimize for defaultsShift your environment so that the good behaviors are easier and the bad behaviors are harder.

Default decisions and their influence

Although we usually have the freedom to make a wide range of choices at any given moment, we often make decisions based on the environment we find ourselves in:

  • If you sleep with your phone next to your bed, then checking social media and email as soon as you wake up is likely to be the default decision.
  • If you keep a water bottle with you throughout the day, then drinking water rather than soda is more likely to be the default decision.
Default options

Deciding is too much effort so we’re likely to just stick with the default or safer option if it’s already been chosen for us. 

When we get offered too many choices, the same thing happens—we shut down, unable to decide. Often, we end up simply choosing anything, just to get the process over and done with.

Best decision making happens in the morning

This is when serotonin is at it’s natural high, which helps to calm our brain. Thus, we feel less risk averse and so we can face risks and make harder choices.

The part our bodies play in decision-making

If we’re feeling hunger, thirst or sexual desire, that can actually spill over into the decision areas of our brains, making us feel more desire for big rewards when we make choices. 

This can lead us to make higher-risk choices and to want for more.