ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Cancel any unused recurring expenses like subscription boxes
|
|
|
Use and app to find the cheapest gas station
|
|
|
Make your own food more often
|
|
|
Buy all of your wants at one time.
|
Detailed explanation-1: -What is NOT a good way to prevent unnecessary spending? Buy all of your wants at one time.
Detailed explanation-2: -The correct answer is option D. Preventing net operating losses is not a part of budgeting.
Detailed explanation-3: -Some common examples include car repairs, home repairs, medical bills, or a loss of income. In general, emergency savings can be used for large or small unplanned bills or payments that are not part of your routine monthly expenses and spending.
Detailed explanation-4: -Have a Budget. The basic necessities of modern living include food, shelter, utilities, basic clothing and transportation. Stop Playing Keep Up. Your neighbors just bought a new TV, so why shouldn’t you have one? Track Your Spending. Shop with a List. Stop Eating Out.
Detailed explanation-5: -Unused subscriptions. Many of us pay monthly or yearly subscription fees for things like software, mobile apps, and streaming services. Credit card interest. Food waste. Bank fees. Name-brand medications. Delivery app fees. Cell phone insurance coverage. 28-Jan-2023