BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Do not prepare for financial planning
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not spending wisely
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uncontrolled use of credit cards
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can be pay off the loans
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high instalments for car
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Detailed explanation-1: -“Many youths today are chasing an extravagant lifestyle. Avoiding wastage and unnecessary expenditure is important, ” she told StarEdu. Aida warned that pursuing the lavish lifestyles often portrayed on social media is not sustainable for most people.
Detailed explanation-2: -In Malaysia, the majority of bankruptcy cases for individuals are caused by the failure to pay off their debts or loans, which include housing loans, vehicle loans, personal loans and business loans.
Detailed explanation-3: -The government views bankruptcy among youths as a serious problem not only it makes their life troubled, but also a loss to the country. Inability to pay car loans is the major contributor to the statistics followed by other loans and also personal loans and housing loans.