The Rules of Good Spending and Saving
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Questions and Answers

Which of the following is one of the 3 rules of good spending and saving?

  • Save first, spend second (correct)
  • Spend more than you make
  • Save what you have left over
  • Save what is left after spending
  • According to Warren Buffett, what should you do with your savings?

  • Save what you have left over
  • Save what is left after spending
  • Spend what is left after saving (correct)
  • Spend more than you make
  • What is the recommended mindset when it comes to spending?

  • I should only spend on necessities (correct)
  • I deserve everything I want
  • I can afford anything I want
  • I should spend more than I earn
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