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Practice Listening: Highlight Correct Summary ID: #34837 Medium New York City

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Transcript:

We've run a few different studies and found that the number one purchase people say they regret, after bank fees, is eating out It's a frequent purchase we make almost every day, and it’s death by a thousand cuts. A coffee here, a burrito there. It adds up and decreases our ability to save. Back when I lived in New York City, I looked at my expenses and saw that I spent over 2,000 dollars on ride-sharing apps. It ‘was more than my New York City rent. I vowed to make a change. And the next month, I spent 2,000 dollars again — no change, because the information alone didn't change my behavior. I didn't change my environment. So now that I was 4,000 dollars in the hole, I did two things. The first is that I unlinked my credit card from my car-sharing apps. Instead, I linked a debit card that only had 300 dollars a 'month. If I needed more, I had to go through the whole process of adding a new card, and we know that every click, every barrier, changes our behavior. We aren't machines. We don't carry around an abacus every day, adding up what we're spending, in comparison to what we wanted. But what our brains are very good at is counting up the number of times we've done something. So I gave myself a limit. I can only use ride-sharing apps three times a week. It forced me to ration my travels. I got a handle on my car-sharing expenses to the benefit of my husband, because of the environmental changes that I did. So get a handle on whatever that purchase is for you, and change your environment to make it harder to do so.

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Eating out is the number one purchase people say they regret. It is very hard to save money from it, because it’s a frequent purchase that we make almost every day. Our brains are very good at counting up the number of times we’ve done something. So each time we save some money, our brain will retain the memory, and thus we’ll be more motivated to save more money. In cities like New York, the bike-sharing expense is almost as high as house rent. Therefore, the best way to save money in big cities is to walk to the office or travel on foot. To save money, a crucial step is to change our environment. The environmental changes can make it harder for us to make a purchase, and thus help us to save money.

Result:

A.I. Explanation:

Option 1: "Eating out is the number one purchase people say they regret. It is very hard to save money from it, because it’s a frequent purchase that we make almost every day."
Explanation: While this option mentions that eating out is a regrettable purchase, it fails to capture the main idea of the text, which emphasizes changing one's environment to save money. The focus on eating out alone does not encompass the broader theme of behavioral change and environmental adjustments.
Option 2: "Our brains are very good at counting up the number of times we’ve done something. So each time we save some money, our brain will retain the memory, and thus we’ll be more motivated to save more money."
Explanation: This option misrepresents the text's focus. Although it mentions the brain's ability to count actions, it incorrectly suggests that saving money will motivate further savings. The text emphasizes the need for environmental changes to alter spending behavior, rather than relying solely on memory or motivation.
Option 3: "In cities like New York, the bike-sharing expense is almost as high as house rent. Therefore, the best way to save money in big cities is to walk to the office or travel on foot."
Explanation: This option incorrectly states that bike-sharing expenses are comparable to rent, which is not mentioned in the text. Additionally, it suggests walking as a solution, while the text focuses on changing spending habits through environmental adjustments, particularly regarding ride-sharing apps.
Option 4: "To save money, a crucial step is to change our environment. The environmental changes can make it harder for us to make a purchase, and thus help us to save money."
Explanation: This option accurately summarizes the main idea of the text. It highlights the importance of changing one's environment to reduce spending, which is a central theme discussed in the text. The author illustrates how altering access to spending methods, like linking a debit card with a limit, effectively helps in saving money.

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