All of the listed options are considered "wants" except for electricity and gas, as they are generally considered basic needs or necessities for living.
All of the following options are considered "wants" EXCEPT...(1 point)
Responses
electricity and gas
electricity and gas
new fall sweater
new fall sweater
eating at your favorite local restaurant
eating at your favorite local restaurant
Netflix subscription
7 answers
Which of the following statements about saving is TRUE?(1 point)
Responses
Saving is the bet for long-term goals only.
Saving is the bet for long-term goals only.
Setting aside money each month consistently will help you in the long run when future needs come up.
Setting aside money each month consistently will help you in the long run when future needs come up.
You should dedicate 20% of your income to computer upgrade each month.
You should dedicate 20% of your income to computer upgrade each month.
Monthly expenses like utilities should be categorized under saving.
Responses
Saving is the bet for long-term goals only.
Saving is the bet for long-term goals only.
Setting aside money each month consistently will help you in the long run when future needs come up.
Setting aside money each month consistently will help you in the long run when future needs come up.
You should dedicate 20% of your income to computer upgrade each month.
You should dedicate 20% of your income to computer upgrade each month.
Monthly expenses like utilities should be categorized under saving.
The statement that is TRUE about saving is:
Setting aside money each month consistently will help you in the long run when future needs come up.
This emphasizes the importance of consistent saving for future needs and goals.
Why is it helpful to track your spending for 2 months?(1 point)
Responses
You can receive higher interest rates for your savings account when you can show how you spend your money.
You can receive higher interest rates for your savings account when you can show how you spend your money.
You can receive special discounts at certain stores when you can show how you spend your money.
You can receive special discounts at certain stores when you can show how you spend your money.
To identify your spending patterns and then prioritize your needs, wants, and savings goals.
To identify your spending patterns and then prioritize your needs, wants, and savings goals.
To eliminate all spending on your wants.
Responses
You can receive higher interest rates for your savings account when you can show how you spend your money.
You can receive higher interest rates for your savings account when you can show how you spend your money.
You can receive special discounts at certain stores when you can show how you spend your money.
You can receive special discounts at certain stores when you can show how you spend your money.
To identify your spending patterns and then prioritize your needs, wants, and savings goals.
To identify your spending patterns and then prioritize your needs, wants, and savings goals.
To eliminate all spending on your wants.
The helpful reason to track your spending for 2 months is:
To identify your spending patterns and then prioritize your needs, wants, and savings goals.
This allows you to understand where your money goes, which can help you make informed decisions about managing your finances effectively.
How many days were you able to make it before running out of money? (You can also find this on the column on the right hand side of the game.)
(4 points)
(4 points)
It appears you are referring to a specific game or simulation involving budgeting or financial management, but I don't have the ability to access or retrieve information from such external games. To find out how many days you were able to make it before running out of money, refer to the game's interface or the specific column mentioned on the right side of the game. If you provide more context or details about the game, I might be able to help you better!
1 answer