ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Don’t purchase something just because it’s reduced price
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Avoid impulse purchases
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Shop at thrift stores for clothing
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Don’t buy what you don’t need
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Detailed explanation-1: -Spending your money wisely is a way of life! Spending less than your income while continuing to pay your bills on time and in full allows you to save for future needs. Aligning your spending habits with what matters most to you will help you reach your biggest money goals.
Detailed explanation-2: -1 – Lower your monthly expenses. 2 – Pay off your debt. 3 – Create and utilize a budget plan. 4 – Create an emergency fund. 5 – Lower your credit card usage. 6 – Contribute to your retirement savings. 6 Tips to Manage Your Money Wisely.
Detailed explanation-3: -Set S.M.A.R.T. financial goals. Schedule regular check-ins with your money. Track your spending. Use the 48-hour rule. Round up to save up.
Detailed explanation-4: -Eliminate Your Debt. Set Savings Goals. Pay Yourself First. Stop Smoking. Take a “Staycation” Spend to Save. Utility Savings. Pack Your Lunch. More items