Question

5. Which of the following can be a challenge when managin

money on your own as a young single adult?
Impulse buying due to lack of an accountability partner
Time poverty and fatigue
Not keeping a written budget
All of the above
6. A person who thinks that everything will work out fine a

Answer 1

Managing money as a young single adult can be challenging due to impulse buying, time constraints, and not having a written budget.

Step-by-step explanation:

Managing money on your own as a young single adult can be challenging due to various factors. One challenge is impulse buying, which can occur when you lack an accountability partner. Without someone to hold you accountable, it's easier to make unplanned purchases. Time poverty and fatigue are additional challenges that can affect your money management. As a young adult, you may have a busy schedule, which can lead to less time and energy to devote to financial planning and budgeting. Finally, not keeping a written budget can also be a challenge. A budget helps you track your income and expenses, and without a budget, it's difficult to prioritize spending and savings.

Learn more about money management challenges for young single adults