Question

Over the past year, your friend Maura has been saving up for an epic road trip to travel across the country this summer. Her goal is to squeeze in as many sights as she can with her available budget of $2000.
Give an example of a sound financial decision Maura might make to support this goal. Why is it sound? Then give an example of a poor financial decision Maura might make considering her goal. Why is it a poor decision?

Answer 1

"Give an example of a sound financial decision Maura might make to support this goal. Why is it sound?"

She could choose to carefully budget her trip and avoid overspending at all costs. This prevents going into debt. She should also save up extra money in the event of an emergency.

Then give an example of a poor financial decision Maura might make considering her goal. Why is it a poor decision?

Not having a plan would be a poor decision on her part. She could end up spending too much and not realize how much money she has left.


I hope I helped!