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