Planned vs Impulsive spending and Conspicuous consumption

Planned vs Impulsive spending and Conspicuous consumption

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial explores responsible spending, planned spending, and the dangers of impulsive and conspicuous consumption. It emphasizes the importance of budgeting, setting financial goals, and avoiding impulsive purchases driven by emotions and external influences. The tutorial also highlights the impact of conspicuous consumption, where spending is driven by the desire to display wealth or social status. Practical strategies are provided to manage finances responsibly, including maintaining a budget, practicing the 24-hour rule, and prioritizing needs over wants. The session concludes by encouraging viewers to make informed financial choices for a secure future.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in planned spending according to the video?

Avoiding impulsive spending

Creating a budget

Prioritizing needs

Setting financial goals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor influencing impulsive spending?

Persuasive advertisements

Peer pressure

Discounts and offers

Long-term financial goals

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 24-hour rule mentioned in the video?

Waiting a day before making a purchase

Saving 24% of your income

Reviewing your budget every 24 hours

Spending only 24% of your budget on wants

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is conspicuous consumption?

Spending to display wealth and status

Spending to save money

Spending to fulfill genuine needs

Spending to avoid debt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common example of conspicuous consumption?

Buying groceries

Purchasing luxury cars

Paying utility bills

Investing in stocks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you avoid to prevent falling into the trap of conspicuous consumption?

Prioritizing needs over wants

Creating a budget

Saving for long-term goals

Borrowing money for luxury items

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key to mastering your finances as mentioned in the video?

Avoiding all expenses

Making informed choices

Ignoring financial goals

Spending extravagantly