Suppose That You Just Completed Your First Year of College

question 17

Multiple Choice

Suppose that you just completed your first year of college with $12,000 in loans and plan to borrow the maximum each year from now until graduation.You have never accounted for the way you spend your money,do not have a budget,and want to insure that you will be able to repay your loans after college.What is the most important thing you can do right now?

• A)Talk to your parents about an allowance.
• B)Visit your career counselor at school.
• C)Ask a friend who took the Personal Finance course for advice.
• D)Immediately begin to develop a personal financial plan.

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Definitions:

Important Considerations

Critical factors or elements that must be taken into account in decision-making or planning processes.

AIDA

A marketing model that outlines the consumer journey through Attention, Interest, Desire, and Action, used to guide advertising and sales strategies.

Benefit

An advantage or profit gained from something or an outcome that provides well-being or assistance.

Objections

Expressions or statements of opposition or disapproval towards an idea, proposal, or argument.