Question

how can a parent be financially responsible?
by spending money left over after paying bills
by opening a new credit card when one is maxed out
by creating a savings plan for future expenses
by following a budget only when money runs out

Explanation:

To determine financial responsibility, we analyze each option:

• Option 1: Spending leftover money after bills doesn't ensure saving or responsible planning.
• Option 2: Opening a new credit card when one is maxed out leads to more debt, not responsibility.
• Option 3: Creating a savings plan for future expenses (like emergencies, goals) is a key part of financial responsibility as it involves planning and saving for what's to come.
• Option 4: Following a budget only when money runs out is reactive, not proactive or responsible.

Answer:

C. by creating a savings plan for future expenses