Buyer's Remorse Quiz
5 events that are directly related to financial trouble
1. divorce 2. death of spouse 3. jail term 4. getting fired 5. pregnancy 6. injury/illness 7. change of profession
describe 1 study from the video & its result
while inside FMRI machines, people were fed carefully measured quantities of the same $10 wine but told they were tasting differently priced wine-- the brain experienced more excitement and better taste when the person was told the wine was more expensive, even though it was all the same
name 3 money mindsets
1. money talks 2. the best things in life are free 3. a penny saved is a penny earned 4. time is money 5. money doesn't buy happiness
buyers remorse
feeling of regret or anxiety after making a purchase
illustrate the buyers remorse cycle
in circle: Cycle of Buyer's Remorse & Compulsive Spending top right: I feel low when I think that I've overspent and I'm in debt bottom/mid right: I need "stuff" to make me think I am worthwhile. I think this will make me feel better. bottom: I buy stuff on sale and think I've saved money bottom/mid left: I feel great when I look at my new stuff and think of how I've saved money top left: I feel lower now that I realize I've just overspent again