3 Psychological Tricks to Help You Save Money Give an example of an environmental cue that can impact how a person spends money. How can a person harness the power of pre-commitment, for example, with their tax return? Identify a transition moment you could use to implement a new savings plan. According to Ms. De la Rosa, what small, frequent purchases made by most people interfere with their savings and cause regret? Once a person has identified the ways they are wasting money instead of spending it, what can they do? Invest For Who You Are And More Advice for Millennials' Financial Future When it comes to investments, does Boudreaux believe your age should dictate your risks? What does Boudreaux say is the purpose of having a savings account?