Which of the following is NOT listed as a challenge to saving money?

• A. Increased spending with credit cards
• B. Living paycheck to paycheck
• C. Having higher expenses than income
• D. Planning and sticking to a budget

Answer: (D)

Budgeting is a plan you follow to manage money and set aside savings. When you plan and stick to a budget, you allocate a portion of income to savings first and track where every dollar goes, which makes saving much easier. The other options describe situations that make saving harder: using credit cards can increase debt and interest, living paycheck to paycheck leaves little or no surplus to save, and expenses higher than income means there isn’t enough money to put into savings. Because planning and sticking to a budget helps you save rather than hinder it, it is not listed as a challenge to saving money.