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5 January, 05:32

Which results are more likely for someone without personal finance skills? Select three options

larger long-term credit or loan costs

less preparation for emergencies

fewer utility expenses

simple long-term investment strategies

increased long-term challenges

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Answers (2)
  1. 5 January, 05:49
    0
    Answer: 1, 2, 5

    Explanation: I took the Test
  2. 5 January, 05:55
    0
    larger long-term credit or loan costs

    increased long-term challenges

    less preparation for emergencies

    Explanation:

    Personal finance is the practice of planning and managing individual and household finances to achieve short term and long term financial objectives. It takes into account current and expected future earnings. Plans are made to suit current and anticipated expenditures and attain desired investments.

    An individual with sound personal finance will make adequate preparations to cater for emergencies should they arise. He or she has plans for short term and long term investment projects. Good personal finance eliminates the need to take up expensive debts to finance consumption or investment expenditure.
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