ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You might have an expensive purchase you are planning to buy
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You have zero expenses as an adult and have nothing else to spend your money on
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You might have an unexpected purchase to make, such as a flat tire or roof that needs repairing
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One day you would like to retire and still have enough money to pay bills and live comfortably
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Detailed explanation-1: -Saving can give you freedom. Saving provides financial security. Saving means you can take calculated risks. 22-Feb-2023
Detailed explanation-2: -Having a safety net during hardships. One of the most important savings goals everyone should have is building an emergency fund. Meeting life goals. Work flexibility. Reduced tax liability. More travel opportunities. Helping others. Bottom line. 20-Oct-2022
Detailed explanation-3: -Financial independence. Living debt-free. Unforeseen expenses. Buying a home. Buying a car or other big-ticket purchase. Medical emergencies. Planning your retirement. Building a college fund for your children. More items
Detailed explanation-4: -Financial independence. Financial independence gives you the ability to live without depending on others for financial support. Emergency funds. Debt Free Living. Better Retirement. Leave a legacy for loved ones. Achieve long-term financial goals. Investing. Irregular or recurring expenses. More items •15-Dec-2022