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. This will allow you to keep your finances organized, monitor your spending, and manage your money effectively. Having a dedicated account for your income and expenses can help you develop good budgeting habits and make it easier to track your financial activities.