Wendy De La Rosa: 3 psychological tricks to help you save money

The video discusses how environmental cues influence savings behavior and offers strategies to improve financial habits. It highlights the importance of pre-commitment, using transition moments, and managing small purchases. Studies show that changing the decision-making environment can significantly impact savings rates. The video encourages viewers to harness these insights to better align their intentions with actions.

What factor is said to influence the amount we save?

• The number of bank accounts

• Environmental cues

• The amount of income

• Our intelligence

In the pre-commitment strategy, when did people save more of their tax refund?

• After receiving their refund

• Before filing their taxes

• During the tax season

• At the end of the year

What is the 'fresh start effect' related to?

• Starting a new job

• Transition moments

• Buying a new house

• Changing careers

How did the targeted ad for house sharing increase engagement?

• By providing free trials

• By offering discounts

• By highlighting a transition

• By using celebrity endorsements

What is a common regretful purchase mentioned in the video?

• Buying clothes

• Eating out

• Traveling

• Purchasing gadgets

What change did the speaker make to control ride-sharing expenses?

• Used a credit card

• Set a monthly budget

• Unlinked the app

• Used public transport

What is the main takeaway about human behavior in saving?

• Saving is purely based on income

• We can predict our actions in certain environments

• Humans are always rational

• Budgeting is easy for everyone