23
QuizMultiple Choice

Topic Test

Question 23 • POP Financial Math 26/27

If you want to increase the amount of monthly savings in your budget, which of the following methods would reasonably be the most effective?

Answer
A
Keep “Essential Expenses (Fixed)” the same amount every time the budget is revised.
B
Determine a “Non-Essential Expense”, or any other expense, that can be reduced.
C
Pay bills as late as possible, in order to increase the amount of cash available.
D
Use only money from the emergency savings for unexpected expenses.

Explanation

To increase monthly savings, you need to make more money available in the budget. Reducing a non-essential expense lowers spending, leaving more money to save. Keeping fixed essential expenses unchanged does not free up money, and paying bills late or using emergency savings does not reliably increase savings.

AI-written and checked against the verified answer.

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