Which of the following is a smart saving strategy?
(i) Maintain strict control of budgets.
(ii) Minimize fees paid on retirement or investment accounts.
(iii) Engage in precautionary saving.
(iv) Ensure that the value of assets is lower than the value of debt.
A)(i) and (iii)
B)(iv) only
C)(i), (ii), and (iii)
D)(i), (ii), (iii), and (iv)

Question

Quizplus · Accepted Answer

All three strategies - maintaining strict control of budgets, minimizing fees paid on retirement or investment accounts, and engaging in precautionary saving - are smart ways to save money. Ensuring that the value of assets is lower than the value of debt is not a smart saving strategy as it can lead to financial instability and debt.

Which of the Following Is a Smart Saving Strategy