ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are good strategies for saving money? Select all that apply.
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Spend less
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Use a payroll deduction
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Take out a loan
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Set aside money for savings before paying bills
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Explanation:
Detailed explanation-1: -One of the best ways to save money is by visualizing what you are saving for. If you need motivation, set saving targets along with a timeline to make it easier to save. Want to buy a house in three years with a 20 percent down payment?
Detailed explanation-2: -Be specific with how much you want to save. From the start, set an amount that you want to have saved by next year. Answer the big question of how you are going to save money. Set mini-monthly goals. Figure out where to put the new funds. Stay strong and track your progress.
There is 1 question to complete.