What is a primary characteristic of a spender approach

Subject : Business

Question: What is a primary characteristic of a spender’s approach to money?

Select an answer from the options below:

A. They prioritize financial security through saving.

B. They focus on using their money to make more money.

C. They enjoy using their money to purchase products and experiences.

D. They avoid dealing with financial matters.

Expert Verified Solution:

The correct answer is:

C. They enjoy using their money to purchase products and experiences.

Explanation:

A spender’s primary characteristic is their tendency to use money for immediate enjoyment and consumption. This approach involves prioritizing purchases of products and experiences over saving or investing.

In contrast:

A. They prioritize financial security through saving: This characteristic is more typical of a saver rather than a spender.

B. They focus on using their money to make more money: This describes an investor’s approach, focusing on growth and returns.

D. They avoid dealing with financial matters: While some people may avoid financial matters, this is not a defining characteristic of a spender.