ECONOMICS (CBSE/UGC NET)

ECONOMICS

PRODUCTIVITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
To be responsible with our money, we need to not only spend money wisely but also
A
share some
B
save some
C
share and save some
D
use it as wallpaper
Explanation: 

Detailed explanation-1: -Spending your money wisely is a way of life! Spending less than your income while continuing to pay your bills on time and in full allows you to save for future needs. Aligning your spending habits with what matters most to you will help you reach your biggest money goals.

Detailed explanation-2: -When you’re financially responsible, you’re setting good spending habits that help you to avoid overspending. That way, you can enjoy your money and the security it brings, instead of feeling worried each month that you might not be able to pay your bills.

Detailed explanation-3: -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

Detailed explanation-4: -Develop a financial plan. Identify your long-term goals, establish a budget and save regularly. Save. Build an emergency safety net. Got a raise? Build your credit and manage it. Pay bills on time. Read the fine print. Choose the right insurance plan. More items

There is 1 question to complete.