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Basics Beginner: How Your Daily Habits Impact Your Wallet

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1.
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.
2.
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.
3.
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.
4.
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.
5.
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.