How to achieve your financial goals.
Quiz by Larissa Mullen
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6 questions
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- Q1How can setting financial goals help you?Set you up for future successLead to financial instabilityKeep you poorPrevent saving money30s
- Q2What is a common recommendation for budgeting?Splurging on luxuriesSpending all your income on wantsNot keeping track of expensesLiving below your means30s
- Q3Why is it important to start saving early for long-term goals?Starting late ensures better resultsInterest does not affect long-term savingsRegular saving is key for long-term savingsLong-term goals don't require early savings30s
- Q4What can small regular deposits do for long-term savings?Have no impact on long-term savingsAdd up exponentially over years thanks to interestLead to losing money over timeHelp you spend all your income30s
- Q5Why should you develop smart money habits young?To spend all your income immediatelyTo be on your way to financial freedomTo have a carefree financial lifeTo not worry about money30s
- Q6What is a key principle for achieving financial success?Rely on others for financial supportIgnore budgeting and savingSpend less than you earn and save the rest.Spend all your income immediately30s