13. which of these would contribute to going ...
13. which of these would contribute to going into debt? spending more money than you make buying big ticket items without planning on how to pay for them taking money from your savings to pay for your grocery items all of the above 14. which is the main reason some people choose to file a chapter 13 bankruptcy? there are no negative consequences to this form of bankruptcy. the courts encourage people to file for chapter 13. it is a more conservative approach to bankruptcy. a chapter 13 bankruptcy is not recorded on your credit report. 15. when is the best time to start learning money management principles? in high school in college once you are married so you and your spouse can plan together throughout your lifetime, to be ready to implement when you have money to manage
Answer
# Brief Explanations:
13. Spending more than one earns and buying big - ticket items without a payment plan can lead to debt. Using savings for groceries is not a cause of debt.
14. Chapter 13 bankruptcy is a more conservative approach as it allows debtors to keep assets and repay debts over time. It has negative consequences and is recorded on credit reports, and courts don't specifically encourage it over other forms.
15. Money management principles can be learned at any stage, but learning throughout one's lifetime ensures readiness when there is money to manage.
# Answer:
13. A. spending more money than you make, B. buying big ticket items without planning on how to pay for them
14. C. It is a more conservative approach to bankruptcy.
15. D. throughout your lifetime, to be ready to implement when you have money to manage