Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
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.
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.
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.
5.
What is one kind of spending habit that could have both a financial and health impact?
Smoking. Smoking is expensive and can result in many diseases, including lung cancer, that may shorten your life or adversely impact your health.