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Question
a game controller is a want, but a toothbrush and toothpaste are needs. so, what are good money habits that school could teach? one important habit is deciding how and when to spend your money based on your needs and your wants. a need is something that people require in order to live. food, a home, and medicine are needs. in contrast, a want is something that people desire or something that is like. video games and fancy sneakers are wants. people often have financial trouble when they buy things they want without setting aside money for needs or unexpected situations. in fact, in 2019, 28% of u.s. adults did not have any money saved up to pay for emergencies. learning about money in school could also prepare you to manage a budget. a budget is a personal plan for spending and saving money over a certain amount of time. it helps you keep track of what you earn (income), what you spend (expenses), and how much is left over. look at the budget a student named carter made for the week. what is the problem with carters budget? carter has not kept track of expenses. carter has not saved any money. it takes too much time. it is a personal plan.
The text mentions that people have financial trouble when they don't set aside money for needs and unexpected situations. Since a budget helps keep track of expenses, and Carter's budget is being questioned, it implies Carter has not kept track of expenses.
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Carter has not kept track of expenses.