George wants to start saving more money. What is a good first step for him to follow? (1 point)

Question

• Identify and cut all essential expenses.
• Start putting 15% of his income into savings.
• Reduce spending on all expenses.
• Track his expenses for one month.

What is a business that keeps, exchanges, and lends money to people? (1 point)
Account
Bank
Interest
Loan

What can be cut from a person's budget in order to save money? (1 point)
essential expenses
• income from wages
• income from interest
• non-essential expenses

Answer 1

1. What is a good first step for George to follow to start saving more money?

   • Track his expenses for one month.

2. What is a business that keeps, exchanges, and lends money to people?

   • Bank.

3. What can be cut from a person's budget in order to save money?

   • Non-essential expenses.