Chapter 2

You should never charge more on a credit card than you can pay off the next month.

• True

• false

Most money problems result from spending more than is available.

• true

• false

What method is recommended for a weekly review of the tasks on your to-do list?

• ABC: Action, Blow off, or Compromise

• Three R: Review, Revise, or Recommend

• Three D: Delete it, Do it now, or Defer it.

• None of these.

Which of the following are effective strategies for using credit cards?

• avoid cash advances

• Pay off the balance each month

• Use just one credit card

• all of these

What's one way to get money for the future?

• Cancel your insurance policies

• Start saving now

• Invest all of your money in stocks and bonds

• Buy collectables to sell online

The best way to approach time management is to remember that you are not in control of time

• true

• false

To effectively manage your money, you should do which of the following?

• Tell the truth about how much you have

• Spend less than you have

• Apply money-management strategies

• all of these

What's one way in which planning can set you free?

• It lets other people set your course for you

• It can help you achieve long-term goals

• It helps you "dig in"

• It forces you to make constant decisions

Credit card offers for college students are great ways to manage money.

• true

• false

What's a good way to make more money

• Delay your education

• avoid financial aid

• work while youre in school

• none of these