Which is a benefit of using auto-deposit to implement a savings plan?(1 point)

Question

Responses

Auto-deposit insulates the saver so that they do not have to change their behaviors.
Auto-deposit insulates the saver so that they do not have to change their behaviors.

The deposit occurs automatically, so there is less temptation to spend the money.
The deposit occurs automatically, so there is less temptation to spend the money.

Using auto-deposit removes the responsibility from the saver.
Using auto-deposit removes the responsibility from the saver.

There is little inherent benefit to using auto-deposit.

Answer 1

The best response is: The deposit occurs automatically, so there is less temptation to spend the money.

This answer highlights how auto-deposit can help individuals stick to their savings plans by removing the need for manual transfers and reducing the temptation to spend the money instead.