Consumer Spending - Take Home

True or False: After you decide to spend your money, you should understand how that decision fits with your overall spending plan.

• True
• False

True or False. The planned buying process is an essential consumer skill for managing your purchasing decisions.

• True
• False

True or False. Durable goods provide a stream of services to the user over a period of time and do not quickly wear out.

• True
• False

True or False. A consumable good - like food or gas - is consumed shortly after you buy it.

• True
• False

True or False: When you spend money on a durable good, that is an asset.

• True
• False

True or False: When you spend money on a consumable good, that is an asset.

• True
• False

When you spend money on a durable good, your net worth usually _______, at least at first:

• Stays the same
• Increases
• Decreases

When you spend money on a consumable good, your net worth always:

• Stays the same
• Increases
• Decreases

When researching before buying a durable good, you should normally research _____ than you would research before buying a consumable good

• More
• Less
• The same

Which FOUR of these are purchsing options:

• New or Used
• Store brand or name brand
• Where to buy
• When to buy
• Seller