Quote

When we save, everybody in the household is just suffering. By having the coin in a visible way, when you scratch, you can say the person that is in charge of the making money for the family is doing the right thing.

Dan Ariely

Change background

T
T
T

Change font

TAGS & TOPICS

Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Making
Coins
Money
Household
Persons
Charge
Visible
Person
Save
Right
Everybody
Coin
Thing
Suffering
Scratch
Way
Family
Scratches

More quotes by Dan Ariely

Image
When parents have college savings accounts for their kids, their kids show higher social and cognitive performance.
Dan Ariely
Image
You can think about life as a battle between you and a doughnut shop. The doughnut shop wants you to eat another doughnut and pay the money, and you want to do it in the short term, but in the long term it's not good for you either financially or from a health perspective.
Dan Ariely
Image
I don't think we should go around life and being miserable all the time and feel the pain of paying. It's a question of what categories we want to spend more on and what categories we want feel that we are spending too much on and we want to cut down.
Dan Ariely
Image
If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best use of $10 you can use? Of course not. If I have you a CD, you know exactly what you are getting and you will have a value for it. So, money has lots of problems with it.
Dan Ariely
Image
that when given the opportunity, many honest people will cheat.
Dan Ariely
Image
Once we start thinking of ourselves as polluted, there is not much incentive to behave well, and the trip down the slippery slope is likely.
Dan Ariely
Image
It was shocking to realize how many low-income Americans don't have savings accounts.
Dan Ariely
Image
Rainy day savings are incredibly important, because from time to time, bad things happen. And if you're not prepared for that, it's going to be really terrible.
Dan Ariely
Image
We have very strong intuitions about all kinds of things — our own ability, how the economy works, how we should pay school teachers. But unless we start testing those intuitions, we’re not going to do better.
Dan Ariely
Image
People are irrational - and predictably so.
Dan Ariely
Image
Not all debt is bad. From time to time we should get into debt when there's a good reason for that.
Dan Ariely
Image
Honesty is a complex and tricky thing, and we don't want to be honest all the time.
Dan Ariely
Image
Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.
Dan Ariely
Image
The things that motivate us are to help other people, to feel that we're useful, to feel that we're getting better, to feel that we are kind of living to our potential, to get a sense of meaning. All of those things are positive.
Dan Ariely
Image
When people are in severe pain, there's an expression, you're a pain person, and what that means is that nothing else matters.
Dan Ariely
Image
For all of us, it's very hard to think about money, and because of that, we need help. In the same way that for all of us, it is hard to eat well, and we need some help. The poor have a particular challenge, which is that their life is actually much more complex - and they're much more complex cognitively.
Dan Ariely
Image
What kind of people would be able to rationalize better than other people? Better storytellers, right? Creative people, right? Because if you're creative, you find more ways to cheat and still yourself a story about why this is okay.
Dan Ariely
Image
One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.
Dan Ariely
Image
With everything you do, in fact, you should train yourself to question your repeated behaviors.
Dan Ariely
Image
What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down.
Dan Ariely