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Quiz: Are You an Emotional Spender?
Our purchasing decisions are influenced by everything from TV commercials to magazine ads to recommendations from friends—and yes, very often by our emotions. Emotional spending or “retail therapy” as some call it, usually makes us feel better for the moment —helping us to cope with stress, cure the blues, or diffuse feelings of anger or frustration. But while the occasional mood-boosting splurge may seem harmless, the problems come if we underestimate how these impulses perpetuate our financial problems. Take this short quiz to see if you’re an emotional spender—and learn important strategies to help curb this destructive behavior.
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Quiz Questions:
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1. |
Which of the following are you most likely to do when you got out of work? |
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Please answer all questions. |
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Go to the gym and work off the frustration. |
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Go home and crawl into bed. |
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Go to the mall and shop ‘til I drop—it’s a guaranteed way to put the day behind me. |
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2. |
You’re home alone and you’re bored stiff. Which of these are you most likely to do to kill time? |
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Please answer all questions. |
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Turn on the TV and channel surf. |
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Grab a catalog or go online and start a spending spree. |
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Catch up on some reading. |
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3. |
When you’re shopping at the mall or online, which most closely resembles your behavior? |
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Please answer all questions. |
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I know what I need to buy, find it quickly, buy it, and promptly leave the mall. |
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I know what I’m looking for but enjoy looking around before making the purchase. Maybe I’ll see something else I like. |
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I don’t really have a goal in mind— just want to shop. I enjoy “window shopping” and often end up buying a whole slew of unexpected items. |
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4. |
Have you ever received your credit card statement and been surprised at the amount because you forgot about specific purchases you made when shopping? |
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Please answer all questions. |
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No, I am always completely aware of where and how much I’ve spent and where. |
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Yes, from time to time. |
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Yes, sometimes I just spend, spend, spend—and then regret it when the statement comes. |
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5. |
In general, how do you feel about shopping? |
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Please answer all questions. |
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I hate it. It’s a necessary evil. |
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It’s okay. I don’t mind when I’m going for a purpose, but I tend to get what I need and be done with it. |
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I live for it! I could spend hours at the mall or online, even when I don’t have something specific in mind to purchase. |
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