Discussion Question 1.  Larraine makes many financial choices that others are critical of: not selling her jewelry, spending her...

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1.  Larraine makes manyfinancial choices that others are critical of: not selling herjewelry, spending her food stamps on lobster, paying for cable TVinstead of saving. From Larraine’s perspective,why do these choices make sense?  Whatdo these choices mean to her? What does Matt mean when hesays that Larraine spends money because she is poor andnot the other way around (i.e. she's poor because of her spending)?Have you ever spent money you didn't really have on something youreally didn't need? Why?

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Lorraine could be rich or poor This decision cant be made based on the spending she make A person spends his or hermoney based on their personal satisfaction and desire irrespective of the amount of money they may actually have    See Answer
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