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Why we make bad financial choices — even when we know better | Your Money and Your Mind

We all know we should spend less and save more, yet many of us struggle to do this and we blame ourselves. Turns out, our environment is what we really need to change, and behavioral scientist Wendy De La Rosa explains why. Managing your money can feel scary and complicated, but it doesn’t have to…

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We all know we should spend less and save more, yet many of us struggle to do this and we blame ourselves. Turns out, our environment is what we really need to change, and behavioral scientist Wendy De La Rosa explains why.

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

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64 Comments

64 Comments

  1. Ricky J Cruz

    February 2, 2021 at 11:14 pm

    Like I think I save better than most people lol usually waste 50 to 100 maybe in a year

  2. P T

    February 2, 2021 at 11:15 pm

    Economy will shrink

  3. Stephen Powdexter

    February 2, 2021 at 11:18 pm

    Interesting and true but is Ted doing infomercials now?

    • Karen

      February 3, 2021 at 1:01 am

      I thought it was from Vox before I saw who uploaded it haha

  4. Josh Flynn

    February 2, 2021 at 11:20 pm

    GME 😞

  5. Zumi

    February 2, 2021 at 11:21 pm

    *Here we go again, i hope everyone is having a g0od day*

  6. BooDotBoo

    February 2, 2021 at 11:25 pm

    Because we are human and, even more importantly, most jobs don’t pay a livable wage (don’t comment saying people just need better jobs because someone will ALWAYS have to work those sadly lower paying jobs for society to function, as we are learning during this pandemic, but many still refuse to acknowledge). I wish people would acknowledge THAT part before telling us to just save more and spend less, trying to make it seem like it’s a personal failing or not knowing how to do math. If you barely have the money to live on, where do you believe people will get the money to save or invest (and let’s not even start on what happened with Reddit and the stock market, showing us that we are allowed to invest as long as we don’t cause too much of a stir for the rich folks, lol). The business world is always trying to get us to spend money and put things on credit, knowing very well, a LARGE portion of us can’t really afford it because of our low wages, which keep people in debt. People work way too hard and way too long to ever not be able to order a pizza or go to the movies a few times a month because some money guru tells you you need to cut back on wasteful expenses. If that movie made me happy, it wasn’t wasteful because it helped my mental health to be able to go and laugh at something for an hour and a half… another part of this we seem to ignore, as well.

  7. Jackie Lynn Foster

    February 2, 2021 at 11:26 pm

    WALK OF SHAME!!!
    WALK OF SHAME!!!
    WALK OF SHAME!!!
    WALK OF SHAME!!!
    WALK OF SHAME!!!

  8. Joshua Yoon

    February 2, 2021 at 11:31 pm

    It’s because we’re control by our limbic system (emotions).

  9. Solitary Reaper

    February 2, 2021 at 11:38 pm

    STONKS

  10. Matthew Morton

    February 2, 2021 at 11:52 pm

    It’s not my fault I’m stupid

  11. True Crime Queen TV

    February 2, 2021 at 11:54 pm

    Love these videos! I always click immediately. Stay safe everyone 🙏❤️

  12. Gamer 49

    February 2, 2021 at 11:59 pm

    Hindsight, yet if you carry its burden its debilitating.

  13. 64M1NG

    February 3, 2021 at 12:12 am

    you wont guilttrip me into selling GME, its a bet and might have been a bad financial investment, but i will HOLD

    • Jesui

      February 3, 2021 at 12:37 am

      DON’T SELL! 👍

  14. Super Monte

    February 3, 2021 at 12:16 am

    Yes, I would love to, is it free?

  15. JammastaJ23

    February 3, 2021 at 12:28 am

    Spending money on financial literacy is a bad investment!? IRONIC.

  16. question ade

    February 3, 2021 at 12:34 am

    Sun screen? I think you’ll find ignoring this bullshit info saved you from cancer not caused it

  17. Hakima Khammal

    February 3, 2021 at 12:44 am

    My mood affects my spending😒

  18. shaban mabrok mabrok

    February 3, 2021 at 12:55 am

    I need financial help. I want to go to the hospital because I am very sick and I do not have money. I have a loan of 2500 dollars. I need I swear to you.

  19. sovrngarde

    February 3, 2021 at 1:00 am

    Ok time to be a monk

  20. Michael Indiano

    February 3, 2021 at 1:06 am

    are we not going to address the massive inequality elephant in the room here?!?!?

  21. Melio Das

    February 3, 2021 at 1:14 am

    You have to love money more than the things you (want to) buy.

    • Eli Nope

      February 3, 2021 at 2:45 am

      No, you have to open your eyes and see that you can buy more with the same money in the future. You just got to wait for it to bloom first. When you see it the right way, your natural greed will have you saving and investing. Change your perspective, change your life.

  22. Classy Chassey Car Hop Trays

    February 3, 2021 at 1:19 am

    I know an x IRS agent, she will tell you the system is rigged, and the government sets the gold and silver standards. From amazon, stay safe car hop trays.

  23. Ryan Ambrose

    February 3, 2021 at 1:21 am

    The minimum wage is too low and the cost of living is too high. The US government and Corporate America fucked us all. I couldn’t even save enough to afford a down payment for a college loan. My survival spending habits are not the problem.

  24. der fu

    February 3, 2021 at 1:40 am

    how do i cancel free subscriptions?

  25. Joshfisher Fisher

    February 3, 2021 at 1:50 am

    Efficient ✌️

    • Joshfisher Fisher

      February 3, 2021 at 1:50 am

      I’m from USA ,trading my Bitcoin with Mr Peter roland has been great,my last investment with a sum of $1300 made a turn out of about $17k under a trading period of 9 days

    • Joshfisher Fisher

      February 3, 2021 at 1:51 am

      Reach Mr Peter roland for guidance

    • Joshfisher Fisher

      February 3, 2021 at 1:51 am

      + 1 7 8 6-3 7 3-8 3 2 2
      p”eterrol_and732@gm”ail.c”om

    • Joshfisher Fisher

      February 3, 2021 at 1:51 am

      WhatsApp

  26. Marrylee Goodness

    February 3, 2021 at 2:00 am

    BITCOIN RATES GOOD FOR INVESTMENT

    • Marrylee Goodness

      February 3, 2021 at 2:01 am

      Honestly i have paid off all my depts through binary trading. With Mr Peter roland,if Bitcoin rises or fall i keep making my weekly profit. I will forever recommend him to every beggener because you have nothing to lose

    • Marrylee Goodness

      February 3, 2021 at 2:01 am

      Reach out to Mr Peter roland for guidance

    • Marrylee Goodness

      February 3, 2021 at 2:01 am

      WhatsApp

    • Marrylee Goodness

      February 3, 2021 at 2:02 am

      + 1 7 8 6-3 7 3-8 3 2 2

    • Marrylee Goodness

      February 3, 2021 at 2:02 am

      p”eterrol_and732@gm”ail.c”om

  27. Joshua Mitchell

    February 3, 2021 at 2:27 am

    Investing in your own life is the safest return on investment you can do and it breaks cracks in the control systems in its own way. Install rain barrels & Compost bins if you can for cutting down on the utilities. Off your subscriptions that are not pulling their weight. Remove a vanity object in your yard to put a food bearing plant in it’s place. Little things. 

    You had the time to do it before and you have the time now. Showers take piss just as good as toilets, put in the more efficient bulbs next time, install adblocks to save yourself time. Just really, seriously put a time aside to really set yourself right & undercut the running costs holding you down. Plus it’ll get you faster to owning a bigger Stock playing card if that’s still your thing in a month.

    Money as it exists in Stockland *is* an illusion (its a subscription arcade game w/pay to win) where you can make money out of nothing. You absolutely can go back to learning & sharpening yourself for winning that fight if you’d like but just consider letting that also run in the background a while you’re setting your life in order.

  28. Kwheelie

    February 3, 2021 at 2:36 am

    It’s not that you’re underpaid, you just need to cut back on those magazine subscriptions

  29. Dakota Taylor

    February 3, 2021 at 3:26 am

    No you’re definitely the problem

  30. Bokkos

    February 3, 2021 at 4:03 am

    Good christ another Wells Fargo backed episode; is TED so hurting for cash they need to take cash from criminals?

    • Bokkos

      February 3, 2021 at 4:03 am

      You can tell they’re not keen on it either, the WF logo is up for a fraction of a section and they get a mention at the end of the description.

  31. iloveagdolls30

    February 3, 2021 at 4:24 am

    Hi

  32. Костя Кузнец

    February 3, 2021 at 4:37 am

    Здравсвуйте люди добрые помогите ! Меня зовут Константин .живу в деревне Алтайского.края , у меня случилась беда ! Работы в деревне нет никакой. Я занял денег 450т.р и купил себе грузовик тягачь вольво ф 12 92г.в и поехал работать в г. Новосибирс , взял полуприцеп в аренду знакомый помог найти работу, мне дали рейс и когда выезжал с терминала у меня застучал двигатель, и все, на этом моя работа закончилась, не заработав ни копейки, нашол по обьявлению ремонтный бокс куда меня датянул эвакуатор, так как на улице зима я не представляю возможным ремонтироваться на улице. Так вот в этом ремонтном боксе в г. Новосибирске по адресу ул. Сибириков- Гвардейцев 49/4к5 моторист снял поддон и мы обнаружили что коленвал сломался пополам, хотя продавец уверял что делал кап.ремонт, денег у меня нет и я прошу помощи у тех кто может себе позволить мне помочь,ведь есть люди которые не бедные. У меня просто нет слов передать вам как мне сейчас плохо, я имею ввиду мое внутренее состояние оно близко к тому что я смертельно болен. Жить мне в Новосибирске негде и не на что, мне пришлось бросить здесь мошину и уехать в деревню это можно сказать прощай всё, так как до моей деревни 560км. могу прислать видео ватсап в подтверждение всего происходящего ! Мой номер телефона 89132038199 номер моей карты сбербанк/. 2202200789824875

  33. Guidje

    February 3, 2021 at 4:58 am

    It’s easy: just live in a poor country. You will be underpreciated and underpaid and then you won’t spend anything beyound your basic needs.

    • Soulaf Mouaki

      February 3, 2021 at 1:24 pm

      No not really I live in a third world country, but still there is a lot of people who spend beyond their thin salary.

  34. Braden Sky

    February 3, 2021 at 6:11 am

    Tell people it’s not their fault that they’re too lazy to cancel a subscription they don’t use…. idk, man. I don’t think that’s gonna help people

  35. Mamta N

    February 3, 2021 at 6:43 am

    We all know soft drinks are bad for health and then blame – why are they selling it?

    • MoshPete

      February 3, 2021 at 11:32 am

      This! Save lot’s of money AND get a massive health benefit! Stop drinking beverages that you haven’t sugared yourself!

  36. Mad Jotun

    February 3, 2021 at 7:25 am

    So, if I understand this video correctly, it means we have to buy GME, right?

    • Lyn Allure

      February 4, 2021 at 11:02 am

      W.H.A.T.S.A.P.P
      +.4.4.7.8.6.2..0.9.7.9.3.6💯💯💯

  37. Marron F

    February 3, 2021 at 10:28 am

    No English subtitles 🙁

  38. MoshPete

    February 3, 2021 at 11:34 am

    Save lot’s of money AND get a massive health benefit? Stop drinking beverages that you haven’t sugared yourself! Easy as that.

  39. Zuldope Gaming

    February 3, 2021 at 12:59 pm

    HOLD GME and AMC till 0 or 100000000. dont fall back hold the line.

  40. Công Anh Hà Ngọc

    February 3, 2021 at 2:15 pm

    when you live under capitalism, that is inevitable

  41. Zelämyr Shiru

    February 3, 2021 at 2:21 pm

    Thanks for the video, it’s refreshing and helps a lot.

  42. Elune

    February 3, 2021 at 3:06 pm

    Fantastic series! Thank you!

  43. Alexey Ots

    February 3, 2021 at 4:32 pm

    Unsubscribe from TED today cause I am all of a sudden being inundated with Wells Fargo money propaganda BS. Strike the system and start over! Now I remember why I unsubbed from this particular TED channel in the past.

  44. The Dana Show

    February 3, 2021 at 6:02 pm

    Love this video and can’t wait for all the videos!

  45. yon zav

    February 3, 2021 at 6:04 pm

    I don’t know why I’m watching this, although I’m a student.

  46. translated stuff

    February 4, 2021 at 2:10 pm

    Great series , thank you for the effort

  47. Jayson G

    February 4, 2021 at 8:25 pm

    If you having issues with money because you over spend and make bad choices you might also be doing it because of stress and depression found that out the hard way and self reflection p.s this woman has the most beautiful speaking voice I swear lisp included👌

  48. febrinafebbi

    February 4, 2021 at 9:07 pm

    “Information doesn’t always change behavior,”aight!

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