Question

Carl would like to save money for his first year at college and track his progress. What online tool should Carl use?

electronic bill payment, savings plan, transfer, spending report ???

Answer 1

He should use a savings plan.

Answer 2

Savings plan.

Step-by-step explanation:

A savings plan aims to accumulate interest-earning money over time for later expenditure, ie it is a form of long-term planning. This way, Carl can save and track his income so he can pay for his college expenses.