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.

Answer 1

The BEST next step to help you manage and track your spending is to set up a personal checking account. A personal checking account will allow you to easily deposit your income, track your spending, and manage your budget. It provides a centralized place for your finances, making it easier to monitor your expenses, pay bills, and plan for savings. The other options may be useful later, but for someone just starting to manage their money, a checking account is essential for day-to-day financial management.