Economics Consumer Habits

The part of the brain that creates an emotional response:

• Cerebellum
• Hippocampus
• Amygdala
• Prefrontal Cortex

The part of the brain that generates rational decisions:

• Amygdala

• Prefrontal cortex
• Temporal lobe
• Cerebellum

Which is NOT a question the brain is always asking?

• Am I safe?

• Do I belong?

• Does this feel good?

• Is this good for me?

How much money does the average American spend on impulse purchases every year?

• $2,100

• $1,100

• $3,100

• $5,100

Extended warranties:

• Are important and worth the cost.

• Are good values on more expensive products

• Are expensive and a profit maker for companies

• Replace manufacturers' warranties

Before you use your debit card...

• Check the card reader for tampering

• Only use the tap function instead of inserting

• Don't use debit cards...use cash always

• Check your phone for bank alerts.

When you get an e-mail from your bank saying your account has been compromised:

• Immediately click the link and fix it.

• Call your bank and cancel your debit card.

• Check the sender's e-mail address or directly log in.

• Ignore it and trust that they'll call you.

When dining out...

• It's best to just pay cash for security reasons

• It's fine to use your debit card without concern

• Only go out if you have coupons to save money

• You should only do carryout instead of dining in.

The number one weapon against impulse buying is:

• Contentment

• Commitment

• Consistency

• Collections

The best way to generate contentment is by actively practicing:

• Gratitude and Generosity

• Work and Willpower

• Comparison and Contrast

• Saving and Budgeting