Stock Savvy Spending Quiz

What is the largest category of spending for most households?

• Food

• Housing

• Entertainment

• Transportation

What percentage of impulse purchases are made online?

• 10%

• 30%

• 50%

• 80%

What’s an example of strategic spending?

• Choosing the cheapest option for everything

• Spending in a way that aligns with your values and goals

• Buying items without considering their long-term use

• Saving all your money without spending

What is the “decoy effect” in spending?

• A fake sale that tricks people into buying more

• Pricing strategy where a third option makes another seem like a better deal

• A tendency to overspend on products you don’t need

• A marketing tactic to confuse shoppers

What is an example of recurring spending?

• Buying a movie ticket

• Splurging on a fancy dinner

• Paying for a subscription service

• Buying a new TV

What’s the term for spending money to show off wealth?

• Frugal flexing

• Conscious spending

• Minimalist spending

• Conspicuous consumption

How much does the average American spend annually on coffee?

• $1,000

• $500

• $2,500

• $3,000

What’s the main goal of placing candy and snacks near the checkout?

• To save space in other aisles

• Encourage impulse buying

• Improve store appearance

• Create longer lines

What is the term for spending more money after receiving a discount on an item?

• Savings splurge

• Discount drift

• Post-purchase spending bias
  

• • The “leftover budget” effect

What is the term for spending more as your income increases?

• Income inflation

• Wealth wastage

• Lifestyle inflation

• Earnings escalation