Question

Which results are more likely for someone without personal finance skills? Select three options. larger long-term credit or loan costs less preparation for emergencies fewer utility expenses simple long-term investment strategies increased long-term challenges

Answer 1

Answer:

• less preparation for emergencies
• Increased long term challenges
• Larger long-term credit or loan costs

Explanation:

Results for someone lacking personal Finance skills are :

• Less preparation for emergencies
• Increased long term challenges
• Larger long-term credit or loan costs

someone who lacks personal Finance skills will most likely turn out to be a very bad money manager and will rather spend their money on frivolities and not have a proper plan on how to organize their finances as well.

Answer 2

Answer:

less preparation for emergencies

Increased long term challenges

Larger long-term credit or loan costs

Explanation:

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