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

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

Assessment

Interactive Video

Life Skills

11th Grade - University

Hard

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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.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the main question the speaker addresses regarding savings behavior?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the study differentiate between the two groups regarding income visibility?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How can environmental cues influence our savings behavior according to the speaker?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of understanding the relationship between our present self and future self in terms of saving?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of asking people about their savings intentions before they received their tax refund?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the 'fresh start effect' mentioned in the text?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies did the speaker suggest for managing small, frequent purchases?

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