ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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use a credit card
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get a loan
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save up and pay in cash
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ask people for money
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Detailed explanation-1: -The 50-30-20 rule is a common way to allocate the spending categories in your personal or household budget. The rule targets 50% of your after-tax income toward necessities, 30% toward things you don’t need-but make life a little nicer-and the final 20% toward paying down debt and/or adding to your savings.
Detailed explanation-2: -It can help you save That’s why making transactions with cash rather than a debit or credit card can help you save big: If it hurts to part with your money, you’re less likely to do it. Using a credit or debit card, on the other hand, feels less real than cash because you’re not watching your physical bills disappear.
Detailed explanation-3: -Pay Yourself First. Even if you can’t afford to save enough to hit your goal in the allotted time, pay yourself first. Use the 50/20/30 Rule. Start Small. Invest Some of Your Money, or Place It in a High-Yield Savings Account. If Nothing Else, Start a Change Jar.
Detailed explanation-4: -Cancel unnecessary subscription services and memberships. Automate your savings with an app. Set up automatic payments for bills if you make a steady salary. Switch banks. Open a short-term certificate of deposit (CD) Sign up for rewards and loyalty programs. Buy with cash or set a control on your card. More items •21-Dec-2022