How Discounts Keep You Poor

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🎥 More about this video:
Black Friday is around the corner, which means savings, deals, and discounts galore. But what's the real price of all of these discounts? Are they leading us to make poor money decisions and spend recklessly, or are they helping us save money and stick to our budget? Let's talk about discount culture, the psychology of why we're drawn to discounts, the illusion of value they give, and how discounts keep us poor.

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🔍 Resources mentioned:
Black Friday stats: https://capitaloneshopping.com/resear...
Girl Math on Buzzfeed: https://www.buzzfeed.com/shelbyheinri...
Brain prioritizing short term vs long term: https://pr.princeton.edu/news/04/q4/1...
Why we're bad at long term planning: https://www.vox.com/2014/12/18/741410...


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🎥 Check out some of my other videos! 🎥
- How FOMO Culture Keeps You Poor:    • How FOMO Culture Keeps You Poor  
- How TikTok Is Fueling Overconsumption:    • How TikTok is Fueling Overconsumption  
- Let's talk social media's 'aesthetic' obsession:    • Let's talk social media's 'aesthetic'...  
- How Designer Brands Keep You Poor:    • How Designer Brands Keep You Poor  



Time Stamps:

00:00 Black Friday
00:52 Endel Sponsorship
02:07 Discount temptation
03:39 The "Decoy Effect"
05:03 Fake savings
05:52 "Girl Math"
07:02 Dupe Culture
08:30 Urgency & Scarcity
09:42 "FOMO"
11:11 Looking out for future us
12:27 Final thoughts







Keywords for some sweet, sweet metadata:
Personal finance, money management, FOMO, TikTok made me buy it, discounts, black friday, coupon, sales, deals, saving money, budget, budgeting, culture, sustainability, video essay, video analysis, social media, instagram, pinterest, tiktok, overconsumption, consumerism, consumption, video essays, financial boundaries, spending money, influencer, girl math, dupe culture