Which is a benefit of using auto-deposit to implement a savings plan?(1 point)

Question

Responses

Auto-deposit insulates the saver so that they do not have to change their behaviors.
Auto-deposit insulates the saver so that they do not have to change their behaviors.

The deposit occurs automatically, so there is less temptation to spend the money.
The deposit occurs automatically, so there is less temptation to spend the money.

Using auto-deposit removes the responsibility from the saver.
Using auto-deposit removes the responsibility from the saver.

There is little inherent benefit to using auto-deposit.
There is little inherent benefit to using auto-deposit.

Answer 1

The correct benefit of using auto-deposit to implement a savings plan is:

The deposit occurs automatically, so there is less temptation to spend the money.

This option highlights the advantage of automating savings, which helps individuals save consistently without the urge to spend the funds intended for savings.