Question

During the episodes, you kept personal spending records for seven days. You

used those records to analyze your spending habits. Which items below would
be good reasons to regularly keep track of your personal spending records?
1. Keeping records could help you control your spending.
2. Keeping records could help you develop a budget.
3. Keeping records could help you build good money habits.
OA Number 1.
OB. Number 2.
Oc. All of the above.

Answer 1

Keeping track of personal spending records can help control spending, develop a budget, and build good money habits.

Step-by-step explanation:

Keeping track of personal spending records can be beneficial for multiple reasons. Firstly, it helps control spending by providing a clear overview of where the money is being spent. By analyzing these records, individuals can identify unnecessary expenses and make adjustments to their spending habits.

Secondly, keeping records allows for the development of a budget. By examining spending patterns and trends, individuals can create a budget that allocates the appropriate amount of money to different categories.

Lastly, regularly keeping track of personal spending records helps in building good money habits. It encourages individuals to be mindful of their expenses and promotes financial responsibility and discipline.

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