Respuesta :
Strong personal finance skills would exhibit in a various manner on an individual. He or she might be more prepared in meeting basic needs because they are better at prioritizing the expenses that they have to incur.
They’re also better at spending money thoughtfully to accumulate assets. A person with good personal finance skills would be more interested in spending money on things that would retain or increase their value over time instead of things that would decrease in value after a period of time.
They would also spend wisely to avoid financial problems.
The outcomes that are likely for someone with strong personal finance skills are:
- A person can be more prepared to meet basic needs.
- A person can spend money thoughtfully to accumulate assets.
- A person can spend wisely to avoid financial problems.
What are strong personal finance skills?
Strong personal finance skills refer to those attributes that make a person efficient in handling matters that pertain to money.
A person who is well skilled in this aspect will be able to organize his expenses so that basic needs are met. He will be able to gain assets and avoid running into financial difficulties.
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