ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Spending less to save
|
|
|
Pay yourself first
|
|
|
Borrow money
|
|
|
Payroll savings
|
Detailed explanation-1: -Borrowing to invest, also known as gearing or leverage, is a risky business. While you get bigger returns when markets go up, it leads to larger losses when markets fall. You still have to repay the investment loan and interest, even if your investment falls in value.
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: -Personal loans. Home credit (Doorstep loans) Payday loans. Credit brokers. Student loans. View all.
Detailed explanation-4: -Personal loan from an online lender. Compared to traditional lenders like banks or credit unions, online lenders boast convenience and speed given their fully online application and funding process. Loan apps. Cash advance from a credit card. Loan from family or friends. Pawnshop loan. 28-Nov-2022