The correct order for saving should be _____.
A. emergency fund, retirement, pay off credit debt
B. retirement, emergency fund, pay off credit debt
C. pay off credit debt, emergency fund, retirement
D. pay off credit debt, retirement, emergency fund
Answer: C.) pay off credit debit, emergency fund, retirement
Step-by-step explanation:
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The correct order for saving should be: C.) pay off credit debt, emergency fund, retirement.
Saving can simply be defined as money that is kept or set aside for emergency or money save ahead of retirement.
A person that want to save must first of all pay off any debt and then set aside money for unforeseen circumstance and lastly save ahead of retirement so as to have something to fall back to after retirement.
Therefore the correct order for saving should be: C.) pay off credit debt, emergency fund, retirement.
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