22
QuizMultiple Choice

N/A — Exam

Question 22 • Financial Math

How could getting married impact a person's long-term budget?

Answer
A
It could increase both income and expenses.
B
It will likely have no impact on income or expenses.
C
It might automatically reduce monthly expenses.
D
It may eliminate personal debt.

Explanation

Marriage can combine two people's incomes, so the household may have more income. It can also increase expenses, such as costs for housing, insurance, or supporting a larger household. Therefore, marriage could increase both income and expenses.

AI-written and checked against the verified answer.

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