Question

People with financial wellness tend to:

A) Go bankrupt frequently.
B) Manage their money well.
C) Work exclusively at banks.
D) Spend more than their budgets allow.

Answer 1

People with financial wellness tend to manage their money well. They have the knowledge and skills to create and stick to a budget, save money early in life, and make informed decisions about investing and borrowing.

Step-by-step explanation:

People with financial wellness tend to manage their money well. They have the knowledge and skills to create and stick to a budget, save money early in life, and make informed decisions about investing and borrowing.

Financial institutions like banks can help individuals save and borrow money and provide services like checking accounts. They consider a person's credit score when lending money.

Becoming financially well also involves understanding concepts like insurance and risk management to protect against financial loss, and the costs and benefits of things like charitable giving. By following these principles, individuals can accumulate personal wealth and make informed financial decisions.