Module 1 - Money Mindsets - Chapter 3 Quiz

Which of the following is an example of an emotional trigger that might lead to overspending?

• Seeing a “limited time” sale online

• Wanting to look successful around friends

• Feeling sad and shopping to feel better

• Forgetting to set a savings goal

How can “one-click purchases” increase the chances of overspending?

• They make shopping safer and more secure

• They reduce the effort and thought needed before spending

• They offer discounts only available through that option

• They require you to stick to a pre-set budget

Which habit can help prevent overspending?

• Buying something small every day

• Ignoring your emotions when shopping

• Following influencers for product ideas

• Tracking your spending and setting a budget

Why is setting a specific savings goal helpful?

• It guarantees you’ll never overspend

• It motivates you by giving your money a purpose

• It keeps you from spending on anything fun

• It helps you spend money faster

What is the purpose of the “pause before purchase” strategy?

• To make shopping feel more exciting

• To find better deals through price comparison

• To give yourself time to decide if a purchase is truly necessary

• To build credit through more frequent purchases