Question

Diego recently graduated from college. During his time in school, he lived at his parents' house in the same town as his college. Now that he has graduated, he wants to rent an apartment of his own. The apartment he wants requires payment of the first and last months' rent, plus a security deposit. Unfortunately, he does not have enough money to make these payments, nor any reliable source of money for the monthly rent once he moves in.

What is the most financially responsible way for Diego to raise the money for the apartment?
A. O get a job in order to begin earning an income
B. obtain a loan from a financial lending institution
C. open an account with a major credit card company
D. establish a savings account to begin earning interest

Answer 1

A is the answer

Step-by-step explanation:

Diego can save up the money he needs for the apartment over time without incurring additional debt or interest charges. This is the most responsible and sustainable way for him to achieve his goal of renting an apartment.

Answer 2

Answer: The most financially responsible way for Diego to raise the money for the apartment would be option A - to get a job in order to begin earning an income. By getting a job, Diego can start earning money to cover his expenses, including the first and last months' rent and security deposit for the apartment. This approach avoids taking on debt or relying on credit, which could create additional financial stress in the future. Additionally, having a steady source of income will allow Diego to budget for future expenses and build up savings for emergencies or unexpected costs. While opening a savings account or establishing credit could be helpful in the long term, they are not immediate solutions for Diego's current finance needs.