Book Club: Dollars and Sense

Hello fuzzbutts!

I enjoy listening to so many books and I just finished one that was great and I wanted to recommend to you.

So this one is called Dollars and Sense: How We Misthink Money and How to Spend Smarter. It discusses the various ways we think about money and how absurd we can be when faced with situations.

One example is how people will watch a locksmith for twenty minutes struggle to unlock their door, breaking tools along the way, and then happily pay 80 dollars plus whatever fee to replace the tools. On the other hand, if that locksmith were able to deftly open the door in less than a minute, 80 dollars suddenly sounds like a rip-off. “You’re absurd. It took you two seconds to open that door and you want 80 dollars?”

It also goes into things like how the owner of an item values it for more than a buyer would (I know people who do this routinely and sometimes I do it too). The way language can focus our brains and steer us into a certain direction. Would you like a 20% fat burger or an 80% beef burger? How about the way the convenience and instant expectations we’ve developed as a society has affected our spending habits? Sunk cost fallacies.

The book does use pretty fascinating research and the humorous tone was delightful to listen to. It does give practical advice for a lot of the information it gives and, for some of it, just becoming aware of my own thinking will be useful in the future. Given the state of furries and finances, I think this book would be a great read to help the fandom.

Enjoy, fuzzbutts!

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