ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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postpone major purchases until money can be saved for it
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spend now, figure out how to pay for it later
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worry about emergencies when they happen
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set only short term financial goals
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Detailed explanation-1: -The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.
Detailed explanation-2: -Eliminate Your Debt. Set Savings Goals. Pay Yourself First. Stop Smoking. Take a “Staycation” Spend to Save. Utility Savings. Pack Your Lunch. More items
Detailed explanation-3: -Start saving early: One of the best ways to save money is to start early. Open a Savings account: Create an emergency fund: Set up short and long-term saving goals: Avoid buying expensive stuff unnecessarily: 09-Sept-2022