Answer to Question #271049 in Economics for Nee

Question

Question

Read / Examine the article by Du and Kamakura (2008) Journal of Marketing Vol. 72 and answer the following questions.

The authors discussed three major challenges that needs to be addressed while developing a proper budget allocation. List and discuss the three challenges based on your individual and local perspective.

Answer 1

The three common budget challenges are:

• Shopping impulsively.
• Not having financial goals.
• Not budgeting for savings.