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Basics Beginner: How Your Daily Habits Impact Your Wallet

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1.
What is one way to control unnecessary spending?
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Tracking your spending. One way to control unnecessary spending is to understand how you are spending money and where your money goes.
2.
Spending in _______ will help you keep to a budget.
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Moderation. Spending in moderation will help you keep to a budget.
3.
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.
4.
What is an example of an appreciable asset?
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A house. A house is an example of an appreciable asset because it is something that could be worth more over time.
5.
In a cost-benefit analysis, you compare what something costs against the benefits you'd receive by buying it.
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True. When you perform a cost-benefit analysis, you compare the costs and the benefits of buying something before you purchase it.