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: -Set savings goals One of the best ways to save money is to set a goal. Start by thinking about what you might want to save for-both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.
Detailed explanation-2: -Start Tracking Your Spending Habits. Get on a Budget. Re-Evaluate Your Subscriptions. Reduce Electricity Use. Lower Your Housing Expenses. Consolidate Your Debt and Lower Interest Rates. Reduce Your Insurance Premiums. Eat at Home. More items •26-Aug-2022
Detailed explanation-3: -Keep track of your spending. Separate wants from needs. Avoid using credit to pay your bills. Save regularly. Check your insurance policies. Be careful about spending a significant amount of money on periodic purchases, like gifts and vacation. Cut or downgrade your services. More items