Tina wants to start saving for college. She heard about CDs and mutual funds, but doesn’t know which is best for her. What shoul
d Tina do? She should set aside $100 per month to put in a savings account.
She should wait and take out a student loan.
She should become more knowledgeable by talking with a financial adviser or by taking a class.
She should try to spend less and put whatever she can in a safe place.
She should become more knowledgeable by talking with a financial adviser or by taking a class.
Explanation:
Although trying to set money aside, trying to spend less, or getting a student loan are not terrible strategies, it is difficult to know whether they are the best strategies for Tina. It is possible she might have more success with a different alternative. Therefore, the best thing she can do is talk to a financial adviser or take a class. These two options would help her become more educated about setting realistic goals.
