ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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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: -You don’t have to spend money to make money in a business. There are, after all, many businesses you can start from home at no cost. However, sometimes it might make sense to do so. For instance, by hiring talent to build your website or design your graphics.
Detailed explanation-3: -Do I need it? What is the real cost? How long will it make me happy? What do I gain by buying this? Is there something else that can bring me joy?
Detailed explanation-4: -Spend on health can save future medical bills. Spend on food which is good for your health. Buy good quality products for your home. Don’t save money by not buying insurance. Spend money on learning new skills.