Question

1. based on the text above, what is the effect of setting limits on personal spending? mcm.1.1 a. it encourages a person to unnecessarily spend money on sale items. b. it helps a person to use credit to buy items that he or she cannot otherwise afford. c. it allows a person to spend more money over the short term to meet long - term goals. d. it gives a person control over their spending and supports long - term budget planning.

Explanation:

Setting limits on personal spending helps in managing finances effectively. It restricts impulsive spending and aids in long - term financial planning by giving control over one's spending habits. Options a, b, and c go against the concept of setting spending limits.

Answer:

d. It gives a person control over their spending and supports long - term budget planning.