Question

While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What is one of the most common ways people work to reach their financial goals?

decrease their savings
decrease their income
increase their savings
increase their spending
PLEASE HELP

Answer 1

While everyone’s personal financial goals will be unique to their situation, the means for achieving them will be similar. What is one of the most common ways people work to reach their financial goals?

A.

decrease their savings

B.

decrease their income

C.

increase their savings

D.

increase their spending

Step-by-step explanation:

C.

increase their savings

CORRECT VIA EDMENTUM 2022

Answer 2

increase their savings

Step-by-step explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending. It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.