Question

When Ann started her first part-time job, she was sure she would have a lot of money saved in a few months. Her goal was to save all she could from each check. But six months later, she was surprised to find that she had very little saved. What might have been her problem?

A) Lack of motivation
B) Insufficient income
C) Poor financial planning
D) Lack of realistic goals

Answer 1

The problem is most likely poor financial planning. Despite Ann's goal of saving as much as she could from each paycheck, she was surprised to find that after six months, she had very little saved.

Step-by-step explanation:

The problem is most likely C) Poor financial planning. Despite Ann's goal of saving as much as she could from each paycheck, she was surprised to find that after six months, she had very little saved. This suggests that she did not have a sound financial plan in place to help her achieve her savings goal.

Poor financial planning could include not budgeting properly, not tracking expenses, or overspending. Without a clear plan and budget, it can be difficult to save effectively.

For example, Ann could have been spending more on unnecessary expenses or not prioritizing her savings goals. Without a realistic plan and goals, it is easy to lose track of where the money is going and not save enough.