Question

When it comes to saving money , what is a good rule of thumb

Answer 1

The correct answer is B) put aside money for savings each month.

When it comes to saving money, a good rule of thumb is to put aside money for savings each month.

Since the very beginning when you have extra cash, save it instead of spending it. Saving is a good habit that can bring you many benefits in the long run. It is going to help to get good finances in the future. Do not waste your money on foolish things. Save, open a bank account, cover all your necessities including some entertainment, and save the rest.

The other options of the question were A) keep most of your savings in your checking account. C) choose the savings account with the lowest interest rate. D) put anything you can't afford in your credit card.

Answer 2

Hey there Clooo1,

When it comes to saving money, what is a good rule of thumb?

Answer:

Put aside money for savings each month

Hope this helps :D

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