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

Question

Aden Mercer

Business

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

+4

Answers (2)

Know the Answer?

Maximilian Archer · Answer 1

Answer: 1, 2, 5

Explanation: I took the Test

Kara Suarez · Answer 2

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.

Which results are more likely for someone without personal finance skills? Select three optionslarger long-term credit or loan costsless preparation for emergenciesfewer utility expensessimple long-term investment strategiesincreased long-term challenges

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