Choose wisely. There is only one correct answer to each question.
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1.
What is one way to be nice to yourself without spending a lot of money?
Buy a cup of specialty coffee once or twice a month. Buying a cup of specialty coffee from a nice coffee shop once or twice a month is one way to be nice to yourself without spending a lot of money.
2.
Small spending decisions can have major financial consequences in the long term.
True. Small spending decisions can have major financial consequences in the long term.
3.
What is an example of an appreciable asset?
A house. A house is an example of an appreciable asset because it is something that could be worth more over time.
4.
In a cost-benefit analysis, you compare what something costs against the benefits you'd receive by buying it.
True. When you perform a cost-benefit analysis, you compare the costs and the benefits of buying something before you purchase it.
5.
Getting a new credit card can help stop unnecessary or impulsive spending.
False. Having more sources of funds to spend usually increases unnecessary or impulsive spending rather than stopping it.