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Basics Beginner: How Your Daily Habits Impact Your Wallet

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1.
Planning and moderation are the key to sticking to a budget.
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True. In order to have the best chance to stick to a budget, it is best to plan carefully and spend moderately.
2.
Getting a new credit card can help stop unnecessary or impulsive spending.
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False. Having more sources of funds to spend usually increases unnecessary or impulsive spending rather than stopping it.
3.
Feeding your family is a _______.
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Need. Because your family needs to eat to survive, feeding your family is a need.
4.
What is one kind of spending habit that could have both a financial and health impact?
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Smoking. Smoking is expensive and can result in many diseases, including lung cancer, that may shorten your life or adversely impact your health.
5.
Small spending decisions can have major financial consequences in the long term.
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True. Small spending decisions can have major financial consequences in the long term.