9
QuizMultiple Choice

Budgeting — Quiz

Question 9 • Economics

Which is the best way to achieve long-term financial goals?

Answer
A
Save more money from net income.
B
Eliminate short-term financial goals.
C
Increase discretionary expenditures.
D
Spend less on mandatory expenses.

Explanation

Saving more money from net income directly builds funds that can be used to meet future financial goals. Eliminating short-term goals is unnecessary, and increasing discretionary spending leaves less money available to save. Mandatory expenses may be difficult or impossible to reduce.

AI-written and checked against the verified answer.

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