Which of the following is a smart saving strategy?
(i) Use payday loans to fund consumption.
(ii) Set a budget, and stick to it.
(iii) Use credit cards to fund consumption.
(iv) Play the lottery.
A)(i) and (iii)
B)(ii) only
C)(iv) only
D)(i), (ii), (iii), and (iv)

Question

Quizplus · Accepted Answer

Setting a budget and sticking to it is a smart saving strategy because it helps to control expenses and ensure savings. Using payday loans or credit cards to fund consumption can lead to high interest charges, making it harder to save money. Playing the lottery is not a reliable or sustainable method of saving.

Which of the Following Is a Smart Saving Strategy