Why We Spend, Why We Save: The Hidden Psychology Behind Your Wallet

Podcast Transcript

HOST: Welcome to 'Unlock the Secrets of Saving: A Behavioral Finance Approach', the podcast where we explore the fascinating world of financial decision-making. I'm your host, and today I'm joined by Dr. Emma Taylor, the program director of our Undergraduate Certificate in The Psychology of Saving. Dr. Taylor, welcome to the show! GUEST: Thank you for having me! I'm excited to share the insights and benefits of this unique program. HOST: So, let's dive right in. What sets this course apart from other finance programs? GUEST: Our program is truly interdisciplinary, combining the fields of psychology and finance to give students a deeper understanding of the cognitive biases that influence saving and investing decisions. By understanding why people make certain financial choices, our graduates can help individuals and organizations make more informed decisions. HOST: That's fascinating. What kind of career opportunities can our listeners expect after completing this program? GUEST: Our graduates can pursue careers in financial planning, wealth management, and behavioral finance consulting. They'll develop the skills to help individuals and organizations overcome common biases and make better financial decisions. It's a highly rewarding career path, and our graduates are in high demand. HOST: That sounds incredible. Can you share some real-world examples of how our listeners can apply the knowledge and skills they gain from this program? GUEST: Absolutely. Our program uses case studies and interactive simulations to give students hands-on experience with behavioral finance concepts. For example, we might analyze how a company's framing of investment options can influence employee retirement savings decisions. Or, we might explore how a financial advisor can use nudges to help clients stick to their savings goals. HOST: I love the idea of using real-world examples to make the learning experience more engaging. What about flexibility? How can our listeners balance this program with their work or other commitments? GUEST: We offer online and part-time study options, so our students can complete the program at their own pace. We also have a dedicated support team to help students navigate any challenges they might face. HOST: That's great to hear. What advice would you give to our listeners who are considering this program? GUEST: I would encouragement them to take the leap! This program is a game-changer for anyone interested in finance, psychology, or behavioral economics. Not only will they gain a deeper understanding of financial decision-making, but they'll also develop a valuable skillset that's in high demand. HOST: Well, thank you, Dr. Taylor, for sharing your insights and expertise with us today. If our listeners want to learn more about the Undergraduate Certificate in The Psychology of Saving, where can they go? GUEST: They can visit our website or contact our admissions team to learn more about the program and how to apply. HOST: Great, and before we go, I just want to say that this program is an incredible opportunity for anyone looking to transform their understanding of financial decision-making. Thanks again, Dr