George wants to start saving more money. What is a good first step for him to follow?
a. Identify and cut all essential expenses.
b. Start putting 15% of his income into savings.
c. Reduce spending on all expenses.
d. Track his expenses for one month.
d. Track his expenses for one month.
By tracking his expenses for a month, George can get a better understanding of where his money is currently going and identify areas where he can cut back in order to start saving more. This will help him create a realistic budget and set attainable savings goals.