Which of the following is a characteristic of a wise consumer?

A wise consumer is characterized by their ability to make informed financial decisions that reflect careful planning and consideration of their resources. Making a budget is a fundamental practice that allows individuals to allocate their income effectively, ensuring they can meet their financial responsibilities while also setting aside funds for savings or discretionary spending. This approach promotes financial stability and helps consumers avoid the pitfalls of debt and impulsive financial decisions.

In contrast, impulse buying tends to lead to unplanned purchases that may not fit within a consumer's budget, potentially resulting in financial strain. Buying anything on sale without considering whether it is truly needed or if it fits within a budget can lead to unnecessary spending. Ignoring product reviews can result in purchasing items that do not meet expectations or are of poor quality, thereby wasting money. Thus, making a budget stands as a key characteristic of wise consumers, fostering a disciplined and strategic approach to spending and saving.