Question

If a person chooses to purchase a more expensive home, he or she may have to cut expenses in other areas such as entertainment. True or false

Answer 1

The statement is true. When a person chooses to purchase a more expensive home, they may have to cut expenses in other areas such as entertainment.

Step-by-step explanation:

The statement is true. When a person chooses to purchase a more expensive home, they may have to cut expenses in other areas such as entertainment.

This is because purchasing a more expensive home usually means higher monthly mortgage payments, property taxes, and maintenance costs.

To afford these expenses, individuals may need to reduce spending in discretionary areas like entertainment.