Tips to Stop Impulse Spending

Oliver, James, and Elijah are discussing ways to stop impulse spending. What is the first tip they should consider?

• Create a budget

• Use cash

• Stop and think

• Shop in the right state of mind

Scarlett, Rohan, and Noah are having a friendly competition to see who can save the most money. Which budgeting method should they use if they want to limit their spending to cash only?

• 50/30/20 rule

• 80/20 rule

• Budget envelope method

• Rocket Money app

Imagine Scarlett, Mia, and Emma are at a shopping mall and they spot a trendy, but expensive, dress. What question should they ask themselves before making an impulse purchase?

• Do I really need this?

• Is it worth it?

• Is there something else I should spend this money on or save for?

• All of the above

Ethan, Daniel, and Ava are planning a shopping spree. Why is it important for them to be in the right state of mind?

• So they can avoid stress during their spree

• So they can make better purchase decisions

• So they can save money

• So they can release stress during shopping

Samuel, Aria, and Harper are discussing ways to avoid temptation for impulse buying. Which method do they agree upon?

• Take a walk

• Visit their favorite local clothing store

• Shop online

• Buy snacks and new foods

Noah and Olivia are discussing the benefits of postponing a purchase. What do they agree on as a benefit?

• You can save money

• You can reconsider if you really need it

• You can be in a better state of mind

• All of the above

Isla, Aria, and Abigail are discussing a fun way to save money. They come across the idea of a 'no-spend challenge.' What does this challenge involve?

• A challenge to spend money on nonessentials

• A challenge to save money

• A challenge to only spend on living expenses

• A challenge to splurge on new purchases

Scarlett, Oliver, and Priya are discussing ways to make online shopping less impulsive. What suggestion did they come up with?

• Remove your saved card info

• Subscribe to text alerts

• Keep your favorite retailers' newsletters

• Order with just a click of a button

Harper, Michael, and Abigail are discussing the importance of unsubscribing from their favorite retailers' newsletters. What is the main reason they should do this?

• To avoid missing out on promotions

• To save money

• To receive more emails

• To stock up on their favorite products

Mia, Ethan, and Abigail are discussing ways to stop impulse spending. Which method do they agree is the best?

• Create a budget and stick to it

• Use cash for all purchases

• Think carefully before making a purchase

• Avoid temptation and distractions