Credit Card Spending

Read this linked article while answering the questions below.

https://www.wisebread.com/why-we-spend-more-when-we-pay-with-credit-cards

-or-

https://docs.google.com/document/d/1VhN5sLZx0ihXx3ZoU_sGIIVAtrdG89V1mrPyNMZkNbU/edit?usp=sharing

• Read it!

• Not yet

When are consumers like you more likely to spend more money?

• When paying with cash
• When paying with a debit card
• When paying with a credit card
• When paying with a check

Which of the following best fits the definition of "coupling" as used in the reading?

• How much of the pain of spending is linked to a purchase
• How much the cost increases when using a credit card
• How much you enjoy spending money
• How easy it is to make a purchase

Which of the following strategies would be best for limiting your spending?

• Have a specific pile of cash to spend, and nothing more
• Setting a mental limit on what you will spend with your debit card
• Only using your credit card if you don't have enough cash
• Only make purchases online

When are you most likely to focus only on the benefits of a purchase, and not the costs?

• When paying with credit
• When paying with debit
• When buying in-person
• When paying with cash

Which of the following are recommended strategies for preventing your brain from overspending? There may be more than one answer.

• Pay only in cash
• Write down every credit purchase to keep track
• Look at your bank account daily
• Choosing an amount to spend with your card