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Which are the two best examples of long-term needs that people need to save for?

1) college education
2)down payment on a home
3)medical emergences
4)plumbing problems in the home
5) unexpected car repair

Which are the two best examples of long-term needs that people need to save for? 1) college-example-1

2 Answers

2 votes

Answer:

college education & down payment on a home

Step-by-step explanation:

Those two can be planned out in advance where the others cannot.

User Angel Cuenca
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6.4k points
6 votes

Answer:

1. college education

2. medical emergencies

Step-by-step explanation:

"Long-term needs" refer to things that you will be needing in the future. Among the choices above, the two best examples of long-term needs that people need to save for are: college education and medical emergencies.

  • Saving up for college is important if you want to have a bright future or a better salary. Having a good income will give you the chance to save up for your future home's down payment as well as mortgage payment. It will most likely give you a better quality of life. Thus, college education should come first.
  • Saving up for medical emergencies is also crucial because we're all human beings who, at some point, will deteriorate physically. There are also incidents which we cannot control such as "car accidents." Having money allotted for it will prevent you from borrowing money from other people.
User Alessandro Muntoni
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7.2k points