ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Get a credit card
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Make a Budget
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Have emergency savings
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Live above your means
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Detailed explanation-1: -Examples of financial goals include creating an emergency savings account, building a retirement fund, paying off debt and finding a higher-paying job.
Detailed explanation-2: -Short-Term Financial Goals Your short-term goals should consist of setting a budget, reducing your debt, and starting an emergency fund.
Detailed explanation-3: -A financial goal is any plan you have for your money. You can have short-term financial goals (like saving up $1, 000) or long-term financial goals (like investing for retirement). You should set goals for every area of your life, but having specific financial goals helps you literally put your money where your goal is.
Detailed explanation-4: -Make a budget. You can set the greatest goals possible, but it’s pointless if it’s not grounded in reality. Pay off credit card debt. Start an emergency fund. Save for retirement. Save for college. Save for a down payment on a home. Improve your credit score. Pay off student loans. More items •10-Feb-2023