Question

Bob decides to make a budget. In his budget, he adds an entry to save for a new car. After Bob pays for all his necessities, he puts part of his income toward saving for a new car. Is Bob being financially responsible? Why or why not?

Answer 1

Yes. Because he is paying for what he needs now and saving up for what he wants instead of being irresponsible and wasting his money on something that could have waited until a later date.