Which of the following is recommended for managing your finances?

Question

Quizplus · Accepted Answer

Buying what you need instead of what you want is a fundamental principle of managing finances effectively. It helps in avoiding unnecessary expenses and saving money for important needs or investments. Options B, C, and D are not recommended practices. Using one credit card to pay off another can lead to a cycle of debt, starting to invest at 40 is later than advised as earlier investing takes advantage of compound interest, and spending more than you earn leads to debt.

Which of the Following Is Recommended for Managing Your Finances