Question

an easy way to save is to pay yourself first. that means each pay period, before you are tempted to spend money, commit to putting some in a savings account. . . . people who keep track of their savings often end up saving more, because they have it on their minds. \save and invest,\ financial literacy and education commission 11. based on the text above, what is an advantage of putting money from a paycheck directly into a savings account? mcm.1.2 a. it establishes a habit of paying rent, mortgage, and living expenses before enjoying discretionary income. b. it establishes a habit of paying debts before they are reported to a collection agency. c. it establishes a habit of setting money aside before being tempted to spend it frivolously. d. it establishes a habit of spending money on wants before fixed expenses.

Explanation:

The text emphasizes paying yourself first by putting money in a savings account before being tempted to spend. This aligns with setting money aside before frivolous spending. Options a, b and d are not related to the main idea of the text about saving first.

Answer:

C. It establishes a habit of setting money aside before being tempted to spend it frivolously.