How to Make Smarter Money Decisions w/ Carl Richards @BehaviorGap

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This week, we kicked off Financial Literacy Month with an inspiring chat with New York Times columnist Carl Richards. We discussed his new book The One-Page Financial Plan – and learned steps we can take toward making smarter money decisions.

Our video panel included: Carl Richards – Author & Founder of BehaviorGap.comRod Griffin – Director of Public Education at Experian, and Mike Delgado – Social Media Community Manager at Experian.

You can watch the complete video chat with Carl Richards in the video posted above, and you can view a Storified version of today’s tweetchat below.

If you have ideas for future topics and guests, please tweet @MikeDelgado.

Questions We Discussed:

  • Q1: Why is it easy to make irrational decisions when it comes to money?
  • Q2: Why does emotion play a big role in how we think about/use money?
  • Q3: What are some common financial mistakes we make?
  • Q4: How should we approach fuzzy financial topics that we don’t know much about (e.g. investing)?
  • Q5: What steps can we take to start making smarter decisions with our money?
  • Q6: What encouragement do you have for those who feel they’ve made too many money mistakes?
  • Q7: What are some steps to create a financial plan that matters to us?
  • Q8: How should we deal with the unexpected financial events in our life?
  • Q9: Any last minute tips to help us make smarter decisions with our money?

Featured Highlights on SlideShare:

Tweetable Tips:

Personal finance is 10% math and 90% emotion. If we grasp that, we can make more rational decisions.

We often have a hard time separating “need” from “want” – knowing the difference can promote better financial habits.


A lot of emotions about money stem from belief systems that are passed down to us or that we picked up from others.

Overspending, relying on credit cards and making minimum payments = huge financial mistakes that keep you in the debt cycle.

Any time I feel anxiety about a financial topic, I find that research helps me tend to my worries. Knowledge is empowering.

It’s never too late to get on the right track!

Here is the complete #CreditChat Storified:

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