Chapter 5 Lesson 6 Your Spending Behavior

What is the primary focus of the "Thinking Big Picture" approach to financial management?

• Making large purchases frequently

• Creating and living on a budget

• Winning the lottery

• Investing in high-risk stocks

According to the text, what is a common enemy of contentment?

• Patience

• Comparison

• Generosity

• Hard work

What is the best way to have more money, according to the text?

• Winning a game show

• Having contentment

• Buying luxury items

• Borrowing from friends

What percentage of millionaires plan ahead and save money for large purchases?

• 81%

• 85%

• 93%

• 95%

Which country ranks as the #1 country in the world for happiness and contentment?

• United States

• Canada

• Finland

• Australia

What is a key strategy to avoid the pitfalls of comparison living?

• Buying the latest gadgets

• Changing your perspective

• Ignoring your budget

• Competing with friends

What should you do when you see someone else succeeding, according to the text?

• Feel jealous

• Compare yourself to them

• Cheer them on

• Ignore them

What is the danger of the "I deserve it" mentality?

• It leads to careful planning

• It creates entitlement and dissatisfaction

• It encourages saving

• It promotes generosity

What is the relationship between stuff and happiness, as mentioned in the text?

• More stuff always equals more happiness

• Stuff is the only source of happiness

• Stuff doesn't equal happiness

• Happiness depends on the brand of stuff

What is a common enemy of contentment related to timing?

• Delayed gratification

• Immediate gratification

• Long-term planning

• Saving for retirement