Question

Elvira 56. Elvira is often heard saying that money should be saved and not spent and believes that it is extravagant to spend money on herself. Which of the following money scripts applies to Elvira?

A. Money is a source of power and control.
B. Money should be spent freely for enjoyment.
C. Money is a sign of success and worth.
D. Money should be saved and not spent.

Answer 1

Elvira's money script is 'Money should be saved and not spent,' which aligns with the view that money is a store of value to be conserved, reflecting a conservative financial perspective.

Step-by-step explanation:

The money script that applies to Elvira, who is often heard saying that money should be saved and not spent and believes that it is extravagant to spend money on herself, is 'Money should be saved and not spent'.

This reflects a cautious and conservative view of money management, emphasizing the importance of saving over spending. It highlights the concept that money serves as a store of value, where holding onto money rather than spending it ensures that its value is retained over time, which is important in an economy where inflation can erode buying power.

This approach to money contrasts with views that emphasize spending for enjoyment or as a sign of success and worth.