Question

Which would be most helpful when considering a large expenditure that might require repeating payments? Select three options.

careful consideration of short-term goals
recording the number of assets you currently own
creating a budget to consider future income and spending
learning more about different kinds of accounts to manage money
learning about opportunity cost

Answer 1

- creating a budget to consider future income and spending
- learning more about different kinds of accounts to manage money
- learning about opportunity cost

Briefly: a budget shows whether you can afford ongoing payments, choosing the right accounts (savings, checking, sinking funds, auto-pay) helps manage them, and opportunity cost clarifies what you’d give up by committing funds to that expense.