9
QuizMultiple Choice

3.11 Budgeting

Question 9 • Personal Finance - EL3403

Kerry knows that a new car is in her future.Which would be the best strategy to help her accomplish this goal?

Answer
A
contribute to a savings account
B
give up paying for health insurance
C
stop paying the full amount of rent
D
apply for and open a new credit card

Explanation

Contributing regularly to a savings account helps Kerry build money toward the cost of a car. Giving up health insurance or not paying rent could create serious financial problems, and opening a new credit card adds debt rather than saving for the purchase.

AI-written and checked against the verified answer.

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