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Basics Beginner: How Your Daily Habits Impact Your Wallet

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1.
What is one kind of spending habit that could have both a financial and health impact?
Choose wisely. There is only one correct answer.
Smoking. Smoking is expensive and can result in many diseases, including lung cancer, that may shorten your life or adversely impact your health.
2.
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.
3.
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.
4.
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.
5.
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.