Question
Donnie is considering purchasing a new television and gaming system. He doesn't have enough saved to pay cash for the electronics. What is the most important factor Donnie should consider before making the purchase?
A.
Whether the purchase price reflects the best deals currently available.
B.
How much discretionary income he has and whether he should adjust his fixed expenses to budget for the purchase.
C.
Whether he can afford the monthly payment being offered by the retailer based on his current budget.
A.
Whether the purchase price reflects the best deals currently available.
B.
How much discretionary income he has and whether he should adjust his fixed expenses to budget for the purchase.
C.
Whether he can afford the monthly payment being offered by the retailer based on his current budget.
Answers
GPT-4o mini
The most important factor Donnie should consider before making the purchase is:
**B. How much discretionary income he has and whether he should adjust his fixed expenses to budget for the purchase.**
Understanding his discretionary income and assessing his overall budget will help him determine if he can afford the purchase without compromising other necessary expenses. This approach promotes responsible financial planning and ensures that he does not overextend himself financially.
**B. How much discretionary income he has and whether he should adjust his fixed expenses to budget for the purchase.**
Understanding his discretionary income and assessing his overall budget will help him determine if he can afford the purchase without compromising other necessary expenses. This approach promotes responsible financial planning and ensures that he does not overextend himself financially.