ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Check all the smart things you can today right now that can help improve your financial situation as an adult.
A
Get a good education or learn skills that others value.
B
Open a savings account and add to it on a regular basis.
C
Find a mentor who is disciplined with money and learn from him/her.
D
Read books about time and money management.
Explanation: 

Detailed explanation-1: -Spend less than you earn. No matter how much or how little you are paid, you may find it difficult to get ahead if you spend more than you earn. Stick to a budget. Pay off the credit card. Have a savings plan. Invest. Understand your investments. Review your insurance. Update your will. More items

Detailed explanation-2: -Have a clear business plan. Monitor your financial position. Ensure customers pay you on time. Know your day-to-day costs. Keep up-to-date accounting records. Meet tax deadlines. Become more efficient and control overheads. Control stock. More items

Detailed explanation-3: -Spotlight saving. Having savings is integral to your well-being, financially and otherwise. Monitor and control spending. Manage debt effectively. Use credit responsibly. Investing 101. Lessons to last a lifetime.

Detailed explanation-4: -Track your spending to improve your finances. Create a realistic monthly budget. Build up your savings-even if it takes time. Pay your bills on time every month. Cut back on recurring charges. Save up cash to afford big purchases. Start an investment strategy. 28-Sept-2021

There is 1 question to complete.