The famous psychologist Sigmund Freud (1856-1939), the father of psychotherapy, is credited with the development of the idea of the subconscious: the deepest layer of the human mind, said to be the place where memories, wishes, fears, and dreams are stored. This famous theory, as explored in this text, posits that humans are controlled by their unconscious mind.
Pair “Freud's Theory of the Id, Ego, and Superego” with “Skip the Budget, Make a Spending Plan Instead” and ask students to discuss the role Freud’s theory on human behavior might have in our ability to make smart financial decisions. According to “Freud's Theory of the Id, Ego, and Superego,” how might our unconscious mind affect our behaviors? How do the id, ego and superego impact our thoughts and actions in different ways? Based on the information in the text “Skip the Budget, Make a Spending Plan Instead,” would learning about Freud’s theory on human behavior be helpful for people when creating financial spending plans? Why or why not?