ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying a used car
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Paying for college
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Saving for your retirement
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Saving to buy a birthday gift for your friend
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Detailed explanation-1: -Some short-term goal examples include buying a new car or paying down student loans, while long-term goals may be things like saving for retirement, paying for your kids’ education, or buying a vacation home.
Detailed explanation-2: -Short-term investing goals have a time horizon of one year or less. They include things like a security deposit for your next apartment or an emergency fund. With short-term goals, your aim should be a low level of risk and a high level of security.
Detailed explanation-3: -Make a budget. 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
Detailed explanation-4: -Get hired for a first job. Earn enough to buy a prom dress, new electronic, etc. Earn money from a side hustle. Set up a savings account this month. Open an investment account this month. Track your stocks and investments. Download a financial app to track spending. More items •17-Nov-2022