ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -As a general rule, the law says that your parents are responsible for managing your money, such as money you inherit. But when it comes to money you earn from a job, you can decide what to do with it: your parents can’t force you to save it or spend it in a certain way.
Detailed explanation-2: -Money does help in a lot of situations but family can help in many more. Good family members can give them support with financial problems in times of hardships. More importantly though a family can provide moral support for them. That moral support a family can supply makes their life all around better.
Detailed explanation-3: -Think about ways to avoid this situation in the future. While there’s nothing wrong with asking your parents for money, it’s not a situation you want to be in forever. Your parents need to save for retirement, and you need to feel independent and financially secure in your own right.
Detailed explanation-4: -Ask with gratitude, show appreciation! Trade what you want for what you can do. Make them look good. Match funds. Earn credit, slowly. Be part of the solution, not the problem. Ask for delayed response. Stage your requests carefully. More items •29-Oct-2012