ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Things to give up in order to save money? (you can choose more than one answer)
A
Eating out such as spending on fast food
B
Boba tea and expensive coffee run
C
Study materials such as past-year questions and reference book
D
Hanging out with your friends after school
Explanation: 

Detailed explanation-1: -Media streaming. Alcohol. Unnecessary transport. The gym. Takeaways and eating out. Brand names in your weekly shop. Avoid impulse purchases by shopping as little as possible-and always using a list. Unnecessary clothes. More items •25-Aug-2020

Detailed explanation-2: -Track your spending. One of the greatest contributors to overspending is a credit card. Establish a budget. Set up savings goals. Use an automated tool. Prepare for grocery shopping in advance. Bring your lunch to work. Stop paying for cable television. Create an emergency fund. More items

Detailed explanation-3: -Traditional or Regular Savings Account. High-Yield Savings Account. Money Market Accounts. CD Account. Cash Management Account. Specialty Savings Account. 04-Jan-2023

Detailed explanation-4: -Grind Your Own Beans. Improve Your Brew Method. Invest in a Quality Coffee Maker. Get an Inexpensive Milk Frother. Drink Your Coffee Black. Switch to a Cheaper Alternative. Refrigerate or Freeze Leftover Coffee. Make Your Own Creamer. More items •13-Sept-2022

There is 1 question to complete.