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Buying insurance and investing for the future requires spending less in the present. Why is this a hard choice for many people? Would it be hard for you?

Respuesta :

amniotecardamom

In fact, there is a trade-off between saving and spending money. This becomes an individual choice for most people because the temptation to consume goods and services is high and for a person to decide to invest he or she needs to have an incentive as an attractive return possibility. In my case, this is not so difficult because I am a financially controlled person. Every month I save a percentage of my income and use the rest to meet my consumption needs. That way I can balance the usefulness of my money. One part is invested for my future while the other part I use in the present.

ogorwyne

Buying insurance and saving for the future is a hard choice for many people due to the fact that a lot of people have a trade off between spending and saving.

  • People have a lot of needs. To meet their needs the income that they receive is sometimes not enough.

They always end up dipping into their savings to cover one expense or the other. This makes saving money to be a difficult task.

Read more on savings here:

https://brainly.com/question/738615

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