WorksheetsCredit Card Spending
Total questions: 6
Worksheet time: 13mins
Name
Class
Date
1.
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
a)
Read it!
b)
Not yet
2.
When are consumers like you more likely to spend more money?
a)
When paying with cash
b)
When paying with a debit card
c)
When paying with a credit card
d)
When paying with a check
3.
Which of the following best fits the definition of "coupling" as used in the reading?
a)
How much of the pain of spending is linked to a purchase
b)
How much the cost increases when using a credit card
c)
How much you enjoy spending money
d)
How easy it is to make a purchase
4.
Which of the following strategies would be best for limiting your spending?
a)
Have a specific pile of cash to spend, and nothing more
b)
Setting a mental limit on what you will spend with your debit card
c)
Only using your credit card if you don't have enough cash
d)
Only make purchases online
5.
When are you most likely to focus only on the benefits of a purchase, and not the costs?
a)
When paying with credit
b)
When paying with debit
c)
When buying in-person
d)
When paying with cash
6.
Which of the following are recommended strategies for preventing your brain from overspending? There may be more than one answer.
a)
Pay only in cash
b)
Write down every credit purchase to keep track
c)
Look at your bank account daily
d)
Choosing an amount to spend with your card
100 %
