Final answer:
Pre-authorized checking helps to build discipline in savings.
Step-by-step explanation:
The statement "Pre-authorized checking helps to build discipline in savings" is generally considered: a. True
Pre-authorized checking, or setting up automatic transfers from a checking account to a savings account or investment, indeed contributes to building discipline in savings. This method allows individuals to designate a specific amount or percentage of their income to be automatically transferred into savings without manual intervention. This automation fosters financial discipline by removing the temptation to spend the designated funds impulsively. It establishes a consistent savings pattern, ensuring that funds earmarked for savings are consistently set aside before any discretionary spending occurs. Over time, this regular and disciplined approach cultivates a habit of saving, contributing to the achievement of long-term financial goals. Additionally, it can alleviate the burden of having to actively remember to save, thereby promoting financial stability and reinforcing prudent money management practices.