By continuing to use this site, you are agreeing to the new
Terms of Service
Special access: The best hotel club floors in the world
5 Stunning Stats
U.S. stocks set for bumpy end to a wild week
Fear & Greed
Facebook hits one billion users in a single day
Best In Tech
15 Questions With
Sex, Drugs & Silicon Valley
Can your employer see everything you do on your company phone?
Millennials & Money
24 Hours With
My Watch List
Indiegogo CEO: Want money? Here's the trick
This rare coin is expected to fetch up to $5 million at auction
1. The first step in getting your spending under control is to:
Seek help from a financial planner.
Consult a credit counseling service on how to get out of debt.
Draw up a budget of your current expenses.
Subscribe to financial newsletters, magazines or Web sites.
2. Banking online using personal financial software makes it easier to track your expenses because:
You can download transactions directly from the bank or credit card company.
The software forces you to categorize your spending.
Such programs usually have an automatic budget generator.
All of the above.
3. How much of your income should you aim to save and invest:
At least 10 percent.
At least 30 percent.
At least 50 percent.
At least 70 percent.
4. If inflation averages a modest 3 percent per year, how long will it take before the average price you pay for goods and services doubles?
It will never double.
5. If you examine your bank records and can't explain why you withdrew so much cash, you should:
Complain to the bank because it probably made a mistake in the records.
Review your purchases to make sure no one is stealing money from the account.
Vow to take no more withdrawals for the next two weeks.
Start keeping a journal of your spending.
6. The most common cause of spending beyond your means is:
A too-large house.
A too-luxurious car.
A too-lavish life on credit.
All of the above.
In Lesson 2
Top things to know
The dubious joy of budgets
Money Essentials Lessons
Making a budget
Basics of banking and saving
Basics of investing
Investing in stocks
Investing in mutual funds
Investing in bonds
Buying a home
Employee stock options
Saving for college
Kids and money
Planning for retirement
Hiring financial help
Buying a car