Question

Which results are more likely for someone without personal finance skills? Check all that apply. larger long-term credit or loan costs less preparation for emergencies fewer utility expenses simple long-term investment strategies increased long-term challenges

Answer 1

Larger long-term credit or loan costs

Less preparation for emergencies

Increased long term challenges

Step-by-step explanation:

It is necessary that every individual has the minimum skills in personal finance, this will help the individual to manage their finances and allocate resources efficiently and effectively.

Financial education is essential in the use of credits, loans, interest rates, reserves for possible emergencies, etc.

When someone does not have personal finance skills, they can end up in debt, paying higher interest rates and having greater difficulties in the long run.