Answer:
The following statements decribe Emma’s financial skills :
Emma is more prepared to meet her basic needs
Emma is better prepared to avoid financial setbacks.
Emma is better able to accumulate assets
Emma is more prepared to face emergencies
Step-by-step explanation:
Emma's financial skills can be described as follows:
1. Emma is more prepared to meet her basic needs. By saving money and making intelligent choices when spending, Emma ensures that she has enough funds to cover her essential expenses such as food, housing, and utilities. This helps her maintain a stable lifestyle and meet her day-to-day needs without relying on credit or incurring debt.
2. Emma is better prepared to avoid financial setbacks. Through her budgeting and careful spending habits, Emma minimizes the risk of unexpected financial difficulties. By having savings and making wise financial decisions, she is less likely to face situations where she cannot afford necessary expenses or face financial hardships due to unforeseen circumstances.
3. Emma is better able to accumulate assets. Emma's ability to save money and make smart financial choices allows her to gradually build wealth and accumulate assets. By consistently putting aside a portion of her income, she can invest in assets such as a home, retirement accounts, or other investments, which can provide long-term financial security and growth.
4. Emma is more prepared to face emergencies. By saving money, Emma creates a safety net that can be used in case of unexpected emergencies, such as medical expenses, car repairs, or job loss. Having these funds readily available allows her to handle such situations without experiencing severe financial distress.
On the other hand, the statement "Emma is better able to avoid financial decision-making" does not describe Emma's financial skills. Financial decision-making is an essential aspect of managing one's finances effectively, and it is unlikely that Emma would want to avoid it. Instead, Emma's financial skills involve making intelligent and informed decisions about how to spend and save her money.