How to Save Lots of Money If You’re a Big Spender - VIDEO

Decide if the following statement is true or false: putting aside even a small amount of money coming form the change after a purchase can help you save money.

• True

• False

• It is not mentioned in the video

What is the 24-H rule?

• It's a concept to give the shop owner 24 hours to make special offer for you or to announce sales for that product.

• It's a concept to give your parents 24 hours to give you more money to buy the thing you want.

• It's a concept to give yourself 24 hours to get the necessary amount of money to buy the thing you want.

• It's a concept to give yourself 24 hours to think things through before buying something to see if you really need it.

If the next day you realise that you do not even need the thing you would like to buy, then...

• ...you have to buy it immediately.

• ...you don't have to buy it as you don't really need it.

• ...you have to buy it but mustn't use it.

• ...you have to wait a month more just to make sure if you need it.

Turning bad habits into savings means

• paying money to your friend when you do something bad

• paying money to the government if you are late for work

• putting aside some money each time you do something you consider as a bad habit of yours

• putting aside some money each time your collegaue is late for work

Paying for your bad habits can help you

• get rid of bad habits and save money

• get a new job

• get some new bad habits

• save money and make friends

The concept of paying yourself first pressuposes that you should

• pay a part of your wage to your firstborn child before you spend money on food.

• pay a part of your wage to the first person you have meet the day you get your salary.

• pay a part of your wage to your friend to buy a first class car.

• pay a part of your wage to yourself before you spend it on anything else.

If you want to have a no-spend month, you should

• not buy anything for 30 days.

• not buy any clothes for 30 days.

• buy only neccessities for 30 days.

• buy only fast food and eat out for 30 days.

The concept of "buy and save" is about

• buying things that are on sale.

• putting aside a given percentage of every purchase you make.

• putting aside money if you buy an ugly sweatshirt.

• making a credit card.

Using the "save in stages" method you have to be committed because

• you have to save a larger amount than the week before during 52 weeks.

• you have to save the same amount than the week before during 52 weeks.

• you have to save less amount than the week before during 52 weeks.

• you have to save your whole salary during 52 weeks.

"He who understands it, earns it...he who doesn't...pays it." - In this sentence, Albert Einstein was talking about...

• law of physics.

• interesting physical experiments.

• hobbies and interests.

• compound interest.