Money Management

Andrew earns a small salary, but he's a big spender, so he's always out of

cash. Andrew (a)   .

Answer explanation

implies that you spend more money than you can afford

The Wilsons spend everything they earn and have almost no savings in the

bank. The Wilsons (a)   .

Answer explanation

you spend all your income on your monthly living expenses – like your rent or mortgage, utilities, groceries and transportation – and have little to no money left over

When Katherine's credit card statement comes each month, she writes a

check for the full balance. Katherine (a)   .

Answer explanation

Paying the full statement balance by your card's due date every month will allow you to avoid interest charges

Sam acts as if he thinks money grows on trees. He can't remember where he

spent this week's allowance. Sam (a)   .

Answer explanation

he forgot where his money

Every month, Melanie pays a lot of interest and a late fee on her credit card

bill. She can't sleep at night because of all that debt. Melanie (a)   .

Answer explanation

It can feel like you're constantly struggling to keep your head above water, with no relief in sight

Martha and Bill have everything they need and never spend more than they

earn. Martha and Bill (a)   .

Answer explanation

to spend money only on what one can afford

Sally always knows where her money goes. Every day she writes down

everything she has bought. Sally (a)   .

Answer explanation

recording all your expenditures so you have a clear and detailed understanding of your budget