Question

1 in order to control spending, it must be tracked.

true
false

Explanation:

Analyze the statement

The statement says: "In order to control spending, it must be tracked."

Connect to financial principles

Using the Personal Finance Basics knowledge point, we know that creating a budget and controlling personal expenses requires awareness of where money is spent. Without tracking, it is impossible to identify unnecessary expenses or stay within financial limits.

Determine the truth value

Since tracking is the foundational step to managing and controlling a budget, the statement is fundamentally true.

Answer:

• True (Correct answer)
• False