How did you do? You answered [WLQuiz_Total_Correct_Answers name=Saving More and Spending Less map Q4: Check Your Understanding: id=30] out of [WLQuiz_Total_Questions name=Saving More and Spending Less map Q4: Check Your Understanding: id=30] questions correctly. See the correct answers to each question below:

1) What’s the problem with shopping when you’re hungry?
Correct Answer: You’re more likely to snack on free samples, which primes your brain to want to continue the rewards. This makes you spend more overall.

2) What are exceptional expenses, and why do you need to be conscious of them?
Correct Answer: We underestimate the cost of things we buy at random — like concert tickets or celebratory dinners. Not only do we not budget for these expenses in advance, but we’re willing to spend more on them because we view them as out of the ordinary.

3) What’s the point of asking yourself the five questions?
Correct Answer: To make yourself focus on whether this is something you really need or want.

Proceed to Next Lecture