ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tracking your spending
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Set a goal that you want to achieve
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Spend your money carefully
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Do not overspend your money
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Detailed explanation-1: -Create a budget: Making a budget is the first and the most important step of money management. Save first, spend later: Set financial goals: Start investing early: Avoid debt: Save Early: Ensure protection against emergencies:
Detailed explanation-2: -Spending money wisely basically means getting the most for your money in line with what matters to you. This, in turn, helps you save more and puts you on the path to achieving your financial goals. Living a frugal lifestyle by using savvy ways to save money is an example of spending wisely.
Detailed explanation-3: -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
Detailed explanation-4: -Make a personal budget. Track your spending. Save for retirement. Save for emergencies. Plan to pay off debt. Establish good credit habits. Improve your money mindset.
Detailed explanation-5: -Eliminate Your Debt. Set Savings Goals. Pay Yourself First. Stop Smoking. Take a “Staycation” Spend to Save. Utility Savings. Pack Your Lunch. More items