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Basics Beginner: How Your Daily Habits Impact Your Wallet

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1.
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.
2.
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.
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.
Eating two fast food lunches a week could end up costing you about _______ a year.
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$1,000. The cost of a fast food lunch, even twice a week can add up quickly, costing approximately $1,000 during a year's time.
5.
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.