George wants to start saving more money. What is a good first step for him to follow? (1 point)
Responses
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.
explain which is correct
1 answer
Out of the options given, "Track his expenses for one month" would be the best first step for George to follow. By tracking his expenses, George can gain a better understanding of where his money is going and identify areas where he can cut back in order to save more. Once he has a clear picture of his spending habits, he can then make a plan to start putting a certain percentage of his income into savings.
1 answer