Suppose a person is trying to save for a new television, but his friends are pressuring him to go out with them tonight to the new club in town. He is MOST likely to stay home and save his money if he:
A) is a teenager.
B) has arranged for his paycheck to be automatically deposited into a savings account.
C) knows it will be a long time before he has enough money to buy the television.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Automatic deposit into a savings account is a practical financial management strategy that can help someone resist spending temptations, such as going out, by making the process of saving more effortless and less susceptible to impulsive decisions.

Suppose a Person Is Trying to Save for a New