According to the text, what is a common reason people avoid addressing their personal finances? Option: Lack of interest in financial matters, Preference for immediate gratification over long-term planning, Fear of making mistakes and facing uncertainty, Belief that financial planning is only for the wealthy

<< Back

Hi

Show Ans

i

According to the text, what is a common reason people avoid addressing their personal finances?

Lack of interest in financial matters

Preference for immediate gratification over long-term planning

Fear of making mistakes and facing uncertainty

Belief that financial planning is only for the wealthy

<< Back

Hi

Show Ans

i

Why do people often struggle to save for long-term goals?

"They have low incomes."

"They lack financial literacy."

"They are unsure about their investment options."

"They prioritize immediate gratification over future needs."

<< Back

Hi

Show Ans

i

Why do many individuals avoid budgeting?

They believe budgeting is only necessary for large organizations

They lack the necessary financial tools and resources

They find the process tedious and time-consuming

They are comfortable with their current spending habits

<< Back

Hi

Show Ans

i

What is the primary reason for individuals delaying saving money?

"Waiting for a significant sum of money to start."

"Procrastination and lack of discipline."

"Lack of financial literacy."

"Complexities involved in choosing investment options."

<< Back

Hi

Show Ans

i

What is the primary reason people might underestimate their future financial needs?

"Rising Healthcare Costs"

"Poor Planning"

"Improving Lifestyle"

"Life Expectancy"

<< Back

Hi

Show Ans

i

What is the primary reason people struggle to manage their finances after payday?

They overspend when their salary arrives

They have too many fixed expenses

They lack financial literacy

They prioritize entertainment over necessities