personal financial literacy: "Spending"

Ashley bought an expensive pair of jeans. Her friend got the same pair of jeans for almost $20 less. What tip could have helped Ashley?

Look for bargains. the text never said that Ashley use credit cards frequently.

Tips for spending wisely include _____.

avoiding impulse purchases, tracking your spending, using credit cards infrequently, avoiding buying gifts, & looking for bargains.

Spending wisely _____.

helps you have control over your finances

impulse purchases

purchases that are not planned

Describe how you can spend wisely or improve your spending habits.

In order to spend wisely or improve my spending habits, I would create a budget list and set a to do list by maintaining my net worth. To conclude, I wouldn't buy anything that I want, but rather what I need.

Who is not spending wisely?

Lauren has been thinking about getting a puppy for a long time. She walks by the pet store at the mall and decides to get a puppy.

Jimmy did not plan to buy gum and a magazine at the checkout counter. These are impulse purchases.

True, not false

Overspending can keep you from achieving your goals.

True, not false