Question

Which type of spending is unplanned and on a whim, often without considering the long-term impact on finances?
Responses

frugal spending
frugal spending

saving and investing
saving and investing

credit card usage
credit card usage

impulse spending

Answer 1

The correct response is **impulse spending**. This type of spending is unplanned and often occurs on a whim, typically without considering the long-term impact on finances.