Which statement best describes what will happen to your financial needs throughout your life?A.Your financial needs will stay the same.B.Your financial needs will increase.C.Your financial needs will change.D.Your financial needs will decrease.SUBMITarrow_backPREVIOUS
Question
Which statement best describes what will happen to your financial needs throughout your life?A.Your financial needs will stay the same.B.Your financial needs will increase.C.Your financial needs will change.D.Your financial needs will decrease.SUBMITarrow_backPREVIOUS
Solution
C. Your financial needs will change.
This is because as you go through different stages in life, your financial needs and priorities will shift. For example, as a student, your financial needs might be focused on paying for tuition and books. As you start working, you might need to start saving for retirement or buying a house. If you have children, you might need to start thinking about saving for their education. Therefore, your financial needs will not stay the same, increase steadily, or decrease steadily, but rather change according to your life circumstances.
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