ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -You can use your debit card in most stores to pay for something. You just swipe the card and enter your PIN number on a key pad. Debit cards take money out of your checking account immediately. Debit cards let you get cash quickly.

Detailed explanation-2: -The average cost of food per month for one person ranges from $150 to $300, depending on age. However, these national averages vary based on where you live and the quality of your food purchases.

Detailed explanation-3: -Overcrowded aisles, long checkout lines, and difficulty finding certain items can make the thought of visiting a grocery store unbearable. Perhaps that’s why nearly 3 in 4 people spend less than 44 minutes in a grocery store when shopping for groceries.

Detailed explanation-4: -Write your grocery budget on the top of the empty envelope. Carry it around with you. Put any grocery receipt in the envelope and write down how much you spent. ( i.e. minus 35) Track your total grocery budget left on the envelope too! This way you’ll always know how much you have left.