7
AssignmentMultiple Choice

Financial Responsibility

Question 7 • Personal Finance - EL3403

Which is not a good financial decision?

Answer
A
building a savings account and taking out fewer and smaller loans in the future
B
making monthly payments on a loan on time
C
paying off a loan as soon as possible
D
frequently spending more money than is earned

Explanation

Frequently spending more money than you earn is not a good financial decision because it can lead to debt and make it difficult to meet future expenses. Building savings, paying loan installments on time, and paying off a loan promptly can all support stronger finances.

AI-written and checked against the verified answer.

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