Why talking to your friends can help you save money | Your Money and Your Mind

What convinced British citizens to send in their taxes on time — and resulted in San Diego residents reducing their energy consumption? Learning that their neighbors were doing it. Behavioral psychologist Wendy De La Rosa shares the surprising power of our peers and how we can use it to improve our financial habits.

Managing your money can feel scary and complicated, but it doesn't have to be. In this TED series, behavioral scientist Wendy De La Rosa explains why we spend too much and save too little — and shares easy steps to help us achieve a more secure financial future. (Made possible with the support of Wells Fargo)

Watch Your Money and Your Mind with Wendy De La Rosa at

40 Comments on Why talking to your friends can help you save money | Your Money and Your Mind

  1. Never get into depths. Because that’s how rich people become even richer. Because you are paying with your dephts for their Ferrari.

  2. rare to find real GOOD friends whom you can trust about money matters.

    my “friends” always borrow and when you lend them, always late or forgets to pay back… worse, trick you to paying more on something they recommend cause they got commissions…

    i’d rather be alone than be used by user-friendly friends

  3. Please remember to hold off telling your friends EVERYTHING about your financial situation. Yes tipps and tricks are nice, but don’t treat your personal stuff too liberally! We have seen this with social, health and now financial information. The banks will profit from your behaviour and you will not have any controll over it, since “It S nOrMaL tO tAlK aBoUt AlL mY fInAnCiAl InFo”…

  4. I’m 42,retired with a net worth of over $1million. I’m currently traveling the world with my partner. I’ve loved the FIRE movement planned for it and I did it!
    You can do it too

  5. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it’s retracing….BE WISE

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