183 Quotes by Dan Ariely

Money is a great way to get happiness. Right? Lots of wonderful things you can do with money. The question is, are we really optimizing on that? So, if you think about getting lattes and getting cable. Which one of those is actually giving you a greater happiness, and if you have to cut on one of those, which one would you cut? So, I think thinking in terms of concrete terms would help us a great deal.

Once you break the social norm and create a new social norm, all of a sudden it can stay with us for a long time.

Kids don't care what party they have, right? They want cake and they want to run around. Nothing else matters. But in this escalation, all the kids want parties like their friends. So, if all the friends have an amazing, expensive party, they all want the same thing. If we all got to scale down as a coordinated effort, all the kids would have been just as happy.

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.

Why would you take money out of your paycheck at the beginning of the month when you don't know how much money you'll need?

When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.

It was shocking to realize how many low-income Americans don't have savings accounts.

When parents have college savings accounts for their kids, their kids show higher social and cognitive performance.

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.