Which of the following should you do first?
A)Save for retirement
B)Pay off loans
C)Make a budget
D)Purchase insurance

Question

Quizplus · Accepted Answer

Before embarking on any financial planning, it is crucial to make a budget. This will help you understand your income, expenses and identify areas you can cut back. It will also highlight where you can you put aside savings towards retirement and insurance. Once you have a proper budget in place, you can proceed to pay off any loans and purchase insurance.

Which of the Following Should You Do First