Moderate Spnding

What does "moderate spending" refer to?

• Spending a lot of money

• Spending very little money

• Spending a reasonable and balanced amount of money

• Not spending any money

Why is practicing moderate spending important?

• It allows you to accumulate unlimited debt

• It helps you achieve your financial goals and avoid financial stress

• It is the quickest way to become a millionaire

• It has no impact on your financial well-being

Which of the following is a potential benefit of moderate spending?

• A. Accumulating a large amount of debt

• Achieving financial stability and security

• Living paycheck to paycheck

• Impulse buying without consequences

How can you practice moderate spending in your daily life?

• Always buy the most expensive items available

• Only spend money on essentials and save the rest

• Never create a budget or track your expenses

• Spend money impulsively without considering your financial situation

Which of the following is NOT a good practice for moderate spending?

• A. Creating a budget and sticking to it

• Avoiding unnecessary purchases

• Increasing your credit card debt

• Saving a portion of your income for the future