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Question
read the paragraph.
a little bit of planning can reap financial rewards. consider franco, who chooses to stash his allowance in a piggy bank until a need arises. weeks later, franco has money to spend on a meaningful item, unlike a hasty individual who splurges on candy. and study lorena, the employee who refuses to spend a cent of her raise, opting to put the extra money in a high - interest account. lorena resists the urge to spend extravagantly, and she is prepared when she is ready to buy a car or home. and of course, there is always the savvy investor who sees the potential in a new company and purchases inexpensive stock. when the company grows, so does the investor’s money
which activities support the central idea about financial planning? select 3 options.
□ saving money in a piggy bank
□ making impulsive candy purchases
□ investing extra money to earn interest
□ spending lavishly as a personal reward
□ purchasing stock in a growing company
The central idea is that planning brings financial rewards. Saving in a piggy bank (Franco’s example) prepares for meaningful needs; investing extra money for interest (Lorena’s example) builds funds for big purchases; purchasing stock in a growing company (savvy investor example) grows wealth. Impulsive candy buys and lavish spending are counterexamples of planning.
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saving money in a piggy bank, investing extra money to earn interest, purchasing stock in a growing company