Episode 18: What’s A Want Versus A Need? Sarah Newcomb Answers The Loaded Question




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Summary: A bubble bath, a nice scotch and some slow jazz? Which are wants? Which are needs? I thought I knew until I sat down with behavioral economist Sarah Newcomb for this week's episode of HerMoney. Newcomb, the author of a new book called "Loaded," figured she could solve all of her own money problems getting tactical and practical — she even studied personal financial planning in business school. Yet, she still struggled with her money. Eventually a course on money psychology set her straight. "I learned I was afraid of money, and I hated it!" She's come a long way since then and her candid advice made me think about my money — including a new way to frame the want/need dividing line — in ways I've never done so before. (And that's saying a lot.) Then, Kelly joins me to talk about how Health Savings Accounts (HSAs) may be the best, tax-free savings option you're not taking advantage of. And in our Thrive segment, strategies for embracing — and getting through — your money conflicts. We love hearing from you at HerMoney and hope you've noticed we're listening to your guest and topic suggestions. Keep them coming! Then, please share the word (and write us a review)!