Budgeting and Spending

Tracking your spending can help you _____.

• spend more money

• make good decisions

• know where your money is being spent

• spend less money

Which of these is not true?

• Tracking your expenses can help you meet your budget

• A budget helps you plan to use your money for things you need.

• A budget helps you plan to use your money for things you want.

• It’s harder to keep track of your expenses when you make a budget.

Why is saving money important?

• Saving money can help you meet goals

• It’s important to show off how much money you have.

• It’s important to fill your money jar.

• Saving money is important for spending

Buying a cheaper product sometimes can help you _____.

• create a budget

• reach a savings goal

• afford an opportunity cost

• track spending

If you have a budget, you have _____.

• afford nicer things

• spend all the money you want

• a plan for using your money over a set period of time

• a good idea of how much money you’ll make

Keeping track of what you earn, spend, and save are they key parts of a _____.

• monthly allowance

• investment strategy

• paycheck

• budget

Cutting back on expenses can help you save money, which will _____.

• help you afford nicer things

• add up fast and help you save for your goal

• help you spend more money

• help you choose the right investments

Which is a reliable source of information when trying to research something you will buy?

• Friends

• Advertisements

• Expert reviews

• Social media

What kind of information should you find when you want to research buying something?

• Positive information

• Negative information

• Questionable information

• Reliable information

When you want to buy something, which kind of information may not give you the best information?

• Reliable information

• Expert reviews

• Trustworthy information

• Product advertisements