When trying to cut expenses, begin with big-ticket items such as rent.Group of answer choicesTrueFalse

Analysis of the Statement

1. Understanding the Concept: The statement suggests that when looking to cut expenses, one should start by focusing on significant expenses, like rent.

2. Evaluating True or False:

   • True: Cutting big-ticket items often results in more substantial savings. Rent typically represents a major portion of an individual's or a family's budget, so reducing this cost can have a significant impact.
   • False: While this strategy can be effective, it may not always be realistic or feasible. For instance, renegotiating rent or moving to a cheaper living arrangement can be challenging and time-consuming.

Conclusion

Beginning with big-ticket items such as rent is generally a logical step in cutting expenses. Therefore, the statement is True. By prioritizing these significant costs, individuals can achieve a more considerable reduction in their overall spending.