In the context of establishing a sizable savings balance, the concept of "pay yourself first" suggests that you:
A. use a substantial amount from your savings account for charitable purposes every month.
B. have a predetermined amount from each paycheck automatically deposited into your savings account.
C. invest a major part of your paycheck in one specific financial security rather than investing in a diversified financial portfolio.
D. make discretionary and nondiscretionary payments prior to investing in financial securities.
Answer: B
You might also like to view...
Who won the most electoral votes in the election of 1824?
A) Andrew Jackson B) John Quincy Adams C) Henry Clay D) William H. Crawford
Evidence that the United States has become more economically interdependent since 1990 is shown by its
(a) participation in the North American Free Trade Agreement (NAFTA) (b) change from a service economy to a manufacturing economy (c) increased dependence on domestic farm products (d) policy of restricting imports
The murders of Tupac Shakur and Christopher “Biggie Smalls” Wallace are generally presented as a result of the contemporary rivalry between
a. native-born and Caribbean rappers. b. African-American rappers and rock stars. c. Hip Hop record producers and their artists. d. East Coast and West Coast rappers.
After President Roosevelt's failed attempt to "pack" the Supreme Court with additional new justices, the justices on the Court began ruling in favor of FDR's New Deal programs where they had ruled against them in the past
Indicate whether this statement is true or false.