Question

money talk
by francisco piña

if you want to do better saving money but dont know where to get started, here are a few easy tips!

• pay yourself first: open a savings account at a bank and transfer a certain amount from your checking account every payday. this is the most important step to saving money.
• track your expenses: write down what you spend right away because it can be hard to remember where your money is going. using cash as much as possible instead of a credit card will help you spend less.
• entertainment: find free events in your city to go to. bring your own food and drinks instead of ordering expensive food in restaurants.

the writer would most likely agree that ______.

• people should keep their money in a savings account instead of a checking account
• people spend more when they dont keep track of their expenses
• it is easier to keep track of spending on a credit card than in cash
• it is best to avoid going to events if you want to save money

Explanation:

Analyze the text and options

The passage "Money Talk" provides tips for saving money:

1. "Pay Yourself First": Transfer money from checking to savings.
2. "Track Your Expenses": Write down spending because it is hard to remember. Using cash instead of credit cards helps you spend less.
3. "Entertainment": Find free events and bring your own food/drinks instead of ordering expensive restaurant food.

Evaluate the choices

• Option 1: "people should keep their money in a savings account instead of a checking account" — The text says to transfer a "certain amount" from checking to savings, not to keep all money in savings instead of checking.
• Option 2: "people spend more when they don't keep track of their expenses" — The text states "Using cash as much as possible instead of a credit card will help you spend less" and "Write down what you spend right away because it can be hard to remember where your money is going." This directly supports the idea that tracking expenses prevents overspending.
• Option 3: "it is easier to keep track of spending on a credit card than in cash" — The text suggests using cash to spend less, contradicting this.
• Option 4: "it is best to avoid going to events if you want to save money" — The text says to "Find free events," not to avoid events entirely.

Determine the correct answer

Option 2 is the most logical inference supported by the text.

Answer:

• people should keep their money in a savings account instead of a checking account
• people spend more when they don't keep track of their expenses (Correct answer)
• it is easier to keep track of spending on a credit card than in cash
• it is best to avoid going to events if you want to save money