Question

Anh is single, owns a car, and works full time. She is buying a home and has student loans and other debts to pay. What should she do to protect herself from the risks she might face in the future?

Answer 1

Answer:

She should do her financial planning properly.

Explanation:

In the context, it is given that Anh who is a full time employee in a firm owns a car and she is single. She has some debts to pay and also has a student loans. She is currently buying a home. In this way she might face financial problems in her future. She will in huge debts where she will not be able to pay off the loans and the debts.

So Anh must consult a financial expert who will help her or guide her to plan her finances properly. She must pay off the debts and the loans as soon as possible. The more delay she does the more debt she will be pulled into as she will have to pay more as the interest increase.

So she should invest properly and clear off her loan first.