Make an analysis why it is important to spend money rationally on the resources
Answers
Explanation:
Financial decision making is a crucial factor in the life of an individual as it has got the potential to affect many aspects of life; therefore it is very important that these decisions are taken in a prudent manner. There are several surveys that demonstrate people spend a lot of time in buying consumer and electronic goods such as mobile phone, refrigerator, television etc or even clothing and other accessories but little on buying a financial product. This calls for suitable attention towards one's own purpose and attitude towards money and setting up right financial goals.
Answer:
Financial decision making is a crucial factor in the life of an individual as it has got the potential to affect many aspects of life; therefore it is very important that these decisions are taken in a prudent manner.
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