Read each question carefully. Choose the answer that

best completes the sentences. All of the following are
good financial savings strategies EXCEPT ___
a) paying off credit card debt before saving for retirement
b) saving for an emergency fund, then paying off credit debt
c) saving for an emergency fund, then retiring
d) paying off credit card debt, then saving for retirement

1 answer

The best answer that completes the sentence is:

c) saving for an emergency fund, then retiring

This option is not a good financial savings strategy because retirement should not be treated as a step following saving for an emergency fund without addressing other important financial obligations, such as paying off debt.