Which of the following would either increase your income or help you decrease your spending?

Study for the FDIC AIDT Ready-To-Work (RTW) Money Smart Exam. Practice with multiple-choice questions, each with hints and explanations. Prepare for your assessment!

Choosing to get a part-time job directly increases your income, which is a straightforward way to enhance your financial situation. By taking on additional work, you can earn extra money that can be used for various purposes, such as paying off debts, saving, or increasing your spending capacity on necessities and wants. This option specifically addresses the goal of increasing income, which is vital for improving overall financial health.

While creating a budget does help in managing finances, it does not increase income; rather, it serves as a tool for tracking and controlling spending. Reducing dining expenses is a method to decrease spending, but again, it does not generate additional income. Selling unwanted items can provide a temporary boost in cash flow, but it is not a reliable or ongoing method for increasing income compared to taking on a part-time job. Each of these alternatives has its benefits for managing money, but only getting a part-time job directly contributes to increasing income.

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