ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Spend money on things you ____
A
want
B
hate
C
need
D
throw away
Explanation: 

Detailed explanation-1: -Spend money on self-improvement and self care. Spend money on your future. Spend money on experiences. Give more to your loved ones. Give more in general. 15-Sept-2021

Detailed explanation-2: -Money is a tool that allows us to acquire things we need for our families’ survival: food, housing, and clothing.

Detailed explanation-3: -While there are many things you shouldn’t be spending your money on, there are a few that you should. The big 3 things that you SHOULD be spending your money on are investments (in yourself and otherwise), experiences, and your health. Spend your money in these categories, and you’ll be just fine.

Detailed explanation-4: -Many Americans spend a pretty penny each month to keep a roof over their heads, food on the table and a means of transportation. Other items commonly found in household budgets include education, child care, health care, retirement savings and entertainment.

Detailed explanation-5: -The Trick to Tracking Your Spending. Get Control of Your Impulses. Only Put Money on Your Credit Card if You Can Afford to Pay it off Each Month. Stop Trying to Impress Other People. Figure out What Habits Drain Your Budget. Learn to Value Investing Over Products. Learn to Invest NOW. 21-Nov-2022

There is 1 question to complete.