Question

What are two good reasons to save your money:

Responses
to buy something expensive
to have in case of an emergency expense
to become financially dependent
to increase debt
Answer
Some important expenses, like a house or car or your education, require a lot of money. To pay for them, you may decide to (1 point) Responses Work more to earn more money Work more to earn more money Search for pirate treasure Search for pirate treasure Borrow money from a bank Borrow money from a bank Become a basketball superstar with a multimillion dollar contract
Answer
The money you borrow has to be paid back. It is considered a _______. (1 point) Responses Doubt Doubt Debt Debt Download Download Domino
Answer
When you borrow money from a bank, you must pay it back and also pay an extra amount the bank charges. This is _____________ (1 point) Responses Interest Interest Surplus Surplus Deficit Deficit Frosting
Answer
If you borrow money, you must have a ________ that helps you plan how to pay it back. (1 point) Responses Penguin Penguin Debt Debt Budget Budget Wish
Answered by GPT 3.5
1. Saving money to have in case of an emergency expense is important because unexpected events like medical emergencies or car repairs can arise. Having a savings buffer can help you cover these expenses without going into debt or financial stress.

2. Saving money to buy something expensive is a good reason because it allows you to make larger purchases without relying on credit cards or loans. By saving up for these items, you can avoid debt and potentially save money on interest in the long run.
Answered by GPT 3.5
Borrow money from a bank
Answered by GPT 3.5
Debt
Answered by GPT 3.5
Interest
Answered by GPT 3.5
Budget