Ima Safer,who recently graduated from college and got a full time job,has prepared her first personal budget and found a pleasant surprise.After taking into account her expected monthly income and all of her ordinary expenses,including the monthly payment on her credit card,she should have some money left over.If Ima is like most young people who are just starting out,the best thing for her to do with the extra money would be to:
A)use it to open her own business.
B)pay off any charges against her credit card account or other high interest debts.
C)use it to make a down payment on a house.
D)put it into a savings account that earns a guaranteed rate of return.

Question

Quizplus · Accepted Answer

Paying off high-interest debts like credit card balances is typically the best financial move for young people starting out, as it reduces interest payments and improves financial stability.

Ima Safer,who Recently Graduated from College and Got a Full