Comments on: Anchoring and money http://www.bluntmoney.com/anchoring-and-money/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kim http://www.bluntmoney.com/anchoring-and-money/comment-page-1/#comment-58255 Kim Thu, 02 Jul 2009 16:51:08 +0000 http://www.bluntmoney.com/anchoring-and-money/#comment-58255 I do this at Costco. I buy things just because they're cheaper than I would get them somewhere else, not necessarily because I need them. I do this at Costco. I buy things just because they’re cheaper than I would get them somewhere else, not necessarily because I need them.

]]> By: Jer @ Debt Consolidation Connection http://www.bluntmoney.com/anchoring-and-money/comment-page-1/#comment-58249 Jer @ Debt Consolidation Connection Thu, 02 Jul 2009 14:28:56 +0000 http://www.bluntmoney.com/anchoring-and-money/#comment-58249 My Anchor is my wallet. For example, I have $8, I go into Subway for lunch. I can get a 6inch and only spend $5. I could save $3. But since I only have $8, I might as well spend it all. What is $3 going to get me if I don't spend it now. So I end up getting a 12 inch sub instead. I do this all the time. If I do not have cash on hand, and will be using my debit card, then I buy the 6inch knowing that the $3 a saved adds up to the $3 I saved yesterday at lunch. My Anchor is my wallet. For example, I have $8, I go into Subway for lunch. I can get a 6inch and only spend $5. I could save $3. But since I only have $8, I might as well spend it all. What is $3 going to get me if I don’t spend it now. So I end up getting a 12 inch sub instead.

I do this all the time. If I do not have cash on hand, and will be using my debit card, then I buy the 6inch knowing that the $3 a saved adds up to the $3 I saved yesterday at lunch.

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