LifeSmarts Personal Finance Reeses Questions 9/25

Front

A feature that keeps charging you for a service unless you cancel it.

Back

Automatic Renewal

Front

An extra charge for using a more convenient payment option, like buying tickets online instead of in person. What is this called?

Back

Convenience Fee

Front

The added cost for items ordered through apps like DoorDash or Instacart, which can include higher menu prices and service fees.

Back

Delivery App Markup

Front

When the price starts low but climbs higher as fees are added during checkout. Fill in the blank: ____________

Back

Drip Pricing

Front

A free trial that becomes a paid subscription if you forget to cancel. Fill in the blank: ____________

Back

Free Trial Trap

Front

Buying extra content or features from inside an app, often with just one tap. Fill in the blank: ____________

Back

In-App Purchase

Front

Small payments for digital extras, like game skins or emoji packs.

Back

Microtransactions

Front

Pop-up messages on your phone are designed to trigger quick purchases. Fill in the blank: ____________

Back

Push Notification Marketing

Front

Slowly adding more paid services over time without realizing how much they cost altogether.

Back

Subscription Creep

Front

When someone gains control of your existing account (like email or banking) to steal money or data. Fill in the blank: ____________

Back

Account Takeover