The practice of good financial management includes:
A) Developing good saving habits
B) Creating good spending habits
C) Practicing the wise use of credit
D) All of the above

Question

Quizplus · Accepted Answer

Good financial management involves a combination of developing good saving habits, creating good spending habits, and practicing the wise use of credit. Saving money ensures that enough funds are available for emergencies and future expenses, while spending wisely prevents overspending and debt accumulation. Practicing the wise use of credit means carefully managing credit cards and loans to avoid high-interest payments and missed payments that damage credit scores. All three aspects are crucial for overall financial wellness.

The Practice of Good Financial Management Includes