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.
Tracking expenses for a month will give George a better understanding of where his money is going and help him identify areas where he can cut back. This will allow him to make more informed decisions about how he can start saving more money. Once he has this information, he can create a budget and prioritize his spending to start putting money into savings.