\begin{tabular}{|ll}\hline \( \begin{array}{l}\text { Mason has decided to purchase a new bike, which he will } \\ \text { ride for fun. He has a very strict weekly budget, and has } \\ \text { found a bike he can afford. }\end{array} \) & \( \begin{array}{l}\text { If Mason wants to consider his short-term and long- } \\ \text { term goals, which questions should he ask? Check all } \\ \text { that apply. }\end{array} \) \\ \( \square \) & Will other kids think my new bike is cool? \\ Do I want the bike this month, or should I wait and \\ buy it during the summer? \\ Will buying the bike keep me from reaching another \\ goal, like buying a car? \end{tabular}

When pondering a purchase like a bike, it helps to think about how this decision ties into your bigger life picture. For instance, should Mason ask, "Will buying this bike hinder my ability to save for vital future goals, such as a car?" This question nudges him to reflect on how the bike fits into his overall financial strategy. More importantly, considering whether he needs the bike now or can wait allows for better budgeting and potential savings for fancier options down the line. In the heat of the moment, it’s easy to leap into buying decisions. However, a common pitfall is not fully evaluating if the expense will compromise other ambitions. Mason might feel pressure from his peers about owning the latest bike model or style. It can be beneficial to take a step back and focus on personal values and long-term aspirations rather than fleeting trends. This way, he can find joy in his purchase while still keeping an eye on future goals!