Rima Grace

When I feel like I don't have enough resources, I not only spend less, I save less.

Because how can I afford to save if I feel like I don't have any money right now?

Right, right.

You just don't.

Yeah, you don't do much with your money.

You just don't do anything.

You become paralyzed.

Like, of course I'm not going to save for my retirement.

Of course I'm not going to save into a college savings account.

Of course I'm not even going to move money away from my checking account when I feel like I don't have enough right now to cover what I think are my basic needs.

That's interesting.

The decision-making frame and the decision-making framework of people's minds just becomes like an ostrich, right?

I'm in a bad situation.

I don't want to think about anything.

I just want to hoard.

I want to cut in here because this point shifted something for me.

What Wendy's saying is that how we feel about our money predicts what we do with it more than the actual number.

So feeling like you don't have enough, even if you objectively do, can lead you to make worse financial decisions.

I've felt like this before.

Like, I can remember specific moments when I've told myself that I'll start investing once I make more money and then just kept pushing it off.