Question

Savings and Investing Unit Test
3 of 153 of 15 Items
Question
Which is the first step in setting a financial goal?

(1 point)
Responses

setting aside leftover income
setting aside leftover income

reducing your spending
reducing your spending

tracking your spending
tracking your spending

starting a second source of income

Answer 1

The first step in setting a financial goal is **tracking your spending**. By understanding where your money is going, you can better identify areas for improvement and set realistic goals based on your financial situation.