Financial Success
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Questions and Answers

Which one of the following is a rule of good spending and saving according to the text?

  • Save what is left after spending
  • Track spending is not necessary
  • Spend more than you make
  • Pay yourself last (correct)

    • According to the text, why is it important to have a savings mentality?

  • To be able to spend money freely
  • To avoid paying bills
  • To be able to afford everything you want
  • To save money for meaningful purposes (correct)

    • According to the text, what is the impact of good saving/spending habits?

  • It becomes boring to save money
  • It becomes harder to save money
  • It becomes a discipline and actually fun to save money (correct)
  • It becomes unnecessary to save money

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