Question

question 7 of 10
resisting the temptation to make more purchases than you can afford means
you:

a. live within your means.

b. allocate funds across the risk spectrum.

c. set aside emergency funds.

d. diversify your assets.

Explanation:

To solve this, we analyze each option:

• Option A: "Live within your means" means spending only what you can afford, which matches resisting over - purchasing.
• Option B: Allocating funds across the risk spectrum is about investment risk management, not about controlling purchases.
• Option C: Setting aside emergency funds is for unexpected expenses, not related to resisting over - purchasing.
• Option D: Diversifying assets is about spreading investments, not about purchase control.

Answer:

A. live within your means.