Drag the tiles to the correct location on the table.
Distinguish between the benefits and costs of delayed gratification.
getting something better
in the future
saving money in the present
gaining more time to analyze
a purchasing decision
practicing self-control
in the present
Benefits
giving up a current want
Costs
The Correct answer and Explanation is:
Here is how the tiles can be placed into the correct categories:
Benefits of Delayed Gratification:
- Getting something better in the future
- Saving money in the present
- Gaining more time to analyze a purchasing decision
- Practicing self-control in the present
Costs of Delayed Gratification:
- Giving up a current want
Explanation
Delayed gratification refers to the ability to resist the temptation of an immediate reward in exchange for a potentially larger or more enduring reward in the future. Understanding its benefits and costs can help individuals make better decisions in various aspects of life, such as finances, health, and personal development.
Benefits:
- Getting something better in the future: Delayed gratification often results in receiving something of higher value. By waiting, individuals can accumulate resources, make more informed choices, or work towards achieving larger goals. For example, investing money now could yield greater financial returns later.
- Saving money in the present: By resisting the impulse to spend money immediately, individuals can save more for future needs or opportunities. This also allows for better financial security and flexibility in the long term.
- Gaining more time to analyze a purchasing decision: Delaying a decision to purchase something gives a person time to weigh the pros and cons, research alternatives, and make a more thoughtful decision. This reduces the risk of buyer’s remorse or making unwise purchases.
- Practicing self-control in the present: Learning to delay gratification builds self-discipline. This skill is essential for achieving long-term goals, as it fosters persistence, focus, and the ability to navigate challenges without succumbing to short-term desires.
Costs:
- Giving up a current want: The most immediate cost of delaying gratification is the sacrifice of an immediate desire or pleasure. Whether it’s skipping a spontaneous purchase or resisting the urge to indulge, giving up a current want can feel uncomfortable or unsatisfying in the moment.
In conclusion, the benefits of delayed gratification often outweigh the costs when it comes to long-term success, self-control, and financial stability. However, it does require patience and the willingness to endure short-term discomfort.