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Consumer Spending Overview

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Questions and Answers

What is the primary purpose of monthly spending money for a consumer?

To cover all unexpected costs
To spend each month as needed (correct)
To save for future expenses
To invest in long-term savings

In what situation should a case manager be requested for additional funds?

When monthly money has been fully spent
When there is a specific or larger need (correct)
For regular monthly expenses
For emergencies only

Which statement about monthly spending money is correct?

It is meant to be spent each month. (correct)
It should be accumulated for future use.
It can be used to cover debts.
It is solely for emergencies.

How should requests for funding for specific needs be made?

<p>Timely and formally to the case manager (B)</p> Signup and view all the answers

What should not be done with monthly spending money?

<p>Save it for future large expenditures (D)</p> Signup and view all the answers

Flashcards

Monthly Spending Money

Money set aside for monthly expenses like food, transportation, and utilities.

Specific Need

A specific expense that's larger than usual, like new clothes or a planned outing.

Case Manager

The person responsible for supporting and managing your finances.

Timely Request

Requesting funds in advance, before you need them.

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Don't Save Monthly Funds

Avoid saving monthly funds for future large purchases.

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Study Notes