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Imagine that you have gotten you first full-time job. You are now living on your own and managing your money. Since it is your first job, what you are making covers your expenses and leaves you with a little disposable income. What is the BEST next step to help you manage and track your spending?

(1 point)
Responses

Hire a personal CPA.

Hire a personal CPA.

Invest in a variety of stock options.

Invest in a variety of stock options.

Set up a personal checking account.

Set up a personal checking account.

Sign-up for several different credit cards.

1 answer

The BEST next step to help you manage and track your spending is to set up a personal checking account.

Having a dedicated checking account can help you keep your expenses organized, track your spending more effectively, and manage your finances on a day-to-day basis. It provides a clear view of your income and expenditures, making it easier to budget and allocate your disposable income.