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Expenses and costs: How to spend money wisely

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About this activity

Quick true/false on smart budgeting.

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Expenses and costs: How to spend money wisely
 

Expenses and costs: How to spend money wiselyOnline version

Quick true/false on smart budgeting.

by Jorge Torres Almazan
1

Creating a personal budget helps prioritize needs over wants.

2

Saving a portion of income each month builds emergency funds.

3

Carrying a high-interest loan forever is cheaper than refinancing.

4

Comparing prices before big purchases saves money.

5

Skipping emergency savings can improve long-term returns on investments.

6

Paying bills late can improve your credit score.

7

Paying credit card balances in full avoids interest charges.

8

Tracking monthly expenses helps identify waste.

9

Impulse buying online always leads to debt.

10

Buying only brand-name products saves more money than generic options.

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