Spending & Budgeting Basics
This type of spending includes nonessential goods and services.
discretionary spending
This marketing strategy tracks users across the web after viewing a product.
retargeting
This is appreciating who you are and what you have instead of wanting what others have.
contenment
True or false. You are at a higher risk for getting your card information stolen when using it at a reputable store
False
Saying no to an unnecessary purchase is part of being this type of consumer.
smart consumer
Americans spend over $2,100 a year on this type of purchase.
impulse spending
As an effecitve _______ ________, companies pay a lot to have their products strategically placed in the store
marketing strategy
The key to contentment is ________
gratitude
Before using your debit card at a gas pump, you should always do this.
checking the card reader for tampering
Reading manuals, using products correctly, and keeping receipts helps you do this.
protect and maintain your purchase
Paying with cash can help reduce this type of spending behavior.
overspending
_______ _______ helps businesses by making their name and logo memorable
brand recognition
This mindset falsely suggests that buying more will lead to happiness.
immediate gratification
When someone steals and uses your card information, it’s called this.
fraud
You should never buy this because it’s usually a poor financial decision.
extended warranty
Creating a budget, having clear money goals, and slowing down purchases are habits of this type of consumer.
wise consumer
Marketers try to get this part of your brain “offline” to encourage impulse buying.
pre-frontal cortex
According to the lesson, the best way to have more money is to have this.
contentment
If you’re a victim of card fraud, this is the first thing you should do.
contact bank immediately
Stuff doesn’t equal this; debt makes people look better off than they really are.
wealth
This practice helps ensure you’re sticking to your budget before buying something.
power over purchase
Being aware of when and where you’re marketed to helps you avoid falling into...
marketing traps
Personal finance is 20% head knowledge and 80% this.
behavior
It’s unsafe to shop online using this type of internet connection.
unsecured Wi-Fi
This hinders contentment and fuels impulse buying.
immdiate gratification