Question

Edelman suggests which of the following when getting out of debt:

a) Taking on more loans
b) Ignoring debts and focusing on spending
c) Increasing credit card usage
d) Creating a budget and cutting unnecessary expenses

Answer 1

The suggestion made by Edelman to get out of debt is to create a budget and cut unnecessary expenses.

Step-by-step explanation:

The suggestion made by Edelman to get out of debt is to create a budget and cut unnecessary expenses.

By creating a budget, you can track your income and expenses and identify areas where you can reduce spending.

Cutting unnecessary expenses can help free up money to pay off debts faster and avoid taking on more loans.

For example, if you have a Netflix subscription and shop at an expensive grocery store, you can consider canceling the subscription and shopping at a more affordable store to save money.