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Behavioral Tricks for
Better Holiday Spending
(that don’t require budgeting)
A TD Ameritrade Webcast
It’s tim to manage your (lack of) money!
TDAmeritrade Holiday Spending and Behavioral Econ
TDAmeritrade Holiday Spending and Behavioral Econ
Topics

1

Introductions

2

Setting Up a Plan of Attack

3

Outsmarting the Retailers’ Tricks

4

Buying Effectively
Who Is This Guy?

Steve Wendel
Principal Scientist
HelloWallet
A Bit About HelloWallet
Customer Centric SaaS Company

Behavioral Science Driven Software
Backed by Consumer Finance
Expertise

Community Partnerships

Best in Class User Experience
New Products Using Behavioral Science

Helping people change
routines and behavior
Voluntarily. Transparently
From exercise,
to organizing email
A Guide for Applying Behavioral Research

http://bit.ly/changebehavior
Lots of New Behavioral Research
Next Up – The Plan of Attack

1

Introductions

2

Setting Up a Plan of Attack

3

Outsmarting the Retailers’ Tricks

4

Buying Effectively
Pick Your Target Amount

List out all the friends and family you need to buy for….
Trick 1: Separate It

Normal Stuff

Holidays
Trick 1B: Pre-Save
Trick 2: Pay Cash, With Large Bills
Trick 3: Close Off Your Options
Trick 4: Make a Pact
Trick 5: Make Specific Plans
Trick 6: Sleep Well. Eat Well.
Next Up – Outsmarting the Retailers

1

Introductions

2

Setting Up a Plan of Attack

3

Outsmarting the Retailers’ Tricks

4

Buying Effectively
Trick 1: Limited Time, Limited Number…

Out of stock? Yeah, sure.
Trick 2: Nostalgia

They aren’t playing that music because they like it.
Trick 3: Teaser Sales
Trick 4: “Friend” Updates
To Learn More

www.bloomberg.com/news/2011-11-23/holiday-survival-secret-tricks-ofretailers.html
Next Up – Buying Effectively

1

Introductions

2

Setting Up a Plan of Attack

3

Outsmarting the Retailers’ Tricks

4

Buying Effectively
It’s the Wrong Game

Look, gifts are always the wrong thing.
But they are still important.
Money And Effort Don’t Make It Better
Buy Experiences.
Buy Time Together.
It Affects You Differently Than Them
To Learn More

http://bit.ly/happy-money
Summary

Make a plan of attack

Know the tricks they’ll use
Give gifts for impact
Help People Manage Their Money

www.hellowallet.com
Help People Take Action

http://bit.ly/changebehavior
Comments? Stories?

@sawendel

www.about.me/sawendel
Thank You!

More Related Content

TDAmeritrade Holiday Spending and Behavioral Econ

Editor's Notes

  1. Goal: Build Credibility
  2. http://www.telegraph.co.uk/health/healthnews/9548022/Good-nights-sleep-can-help-you-diet.html
  3. http://www.experian.com/blogs/marketing-forward/2012/11/27/twitter-and-hashtags-in-email-subject-lines/ GILTE Golden