Question

9.
Josh has decided that he wants to set aside a certain amount of money to pay for a study year in Italy. He plans to spend a certain amount of money each week on seeing concerts. What is he doing? (Choose all that apply.)

A.
Being in debt

B.
Earning interest

C.
Budgeting

D.
Saving

Answer 1

C and D.

- Setting aside money for a future study year = saving.
- Planning a weekly amount to spend on concerts = budgeting.

Not enough information to say he’s earning interest, and he isn’t described as being in debt.