Question

directions: for each of the actions below, identify if it is a successful or unsuccessful saving/spending principle. action successful unsuccessful create a budget and stick with it. dont worry about mailing your bill payments in advance of the due date. pay all your bills and spend on miscellaneous items before putting money into a savings account. keep receipts of financial transactions. dont hesitate to make an unplanned purchase. you can always make up that expenditure by cutting back on something else. dont worry about recording cash transactions.

Explanation:

1. Creating a budget and sticking with it helps in financial planning and control, so it's a successful principle.
2. Not mailing bill - payments in advance may lead to late - fees, so it's an unsuccessful principle.
3. Paying bills and miscellaneous items before saving may leave little or no money for savings, so it's an unsuccessful principle.
4. Keeping financial transaction receipts helps in tracking spending and for record - keeping, so it's a successful principle.
5. Making unplanned purchases can disrupt a budget, so it's an unsuccessful principle.
6. Not recording cash transactions can lead to inaccurate financial records, so it's an unsuccessful principle.

Answer:

1. Successful
2. Unsuccessful
3. Unsuccessful
4. Successful
5. Unsuccessful
6. Unsuccessful