QUESTION IMAGE
Question
which would be most helpful when considering a large expenditure that might require repeating payments? select three options.
□ careful consideration of short - term goals
□ recording the number of assets you currently own
□ creating a budget to consider future income and spending
□ learning more about different kinds of accounts to manage money
□ learning about opportunity cost
Brief Explanations
- Creating a budget: Helps plan future income and spending to handle repeated payments for large expenditures.
- Learning about money - managing accounts: Different accounts (e.g., savings, checking) can assist in organizing funds for such expenditures.
- Learning about opportunity cost: Understanding what is given up (other uses of money) when making large expenditure decisions with repeated payments.
- "Careful consideration of short - term goals" is more about short - term, while the expenditure is likely long - term with repeated payments. "Recording the number of assets" doesn't directly help with planning for repeated payments.
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- creating a budget to consider future income and spending
- learning more about different kinds of accounts to manage money
- learning about opportunity cost