question 5 of 5 paying down debts such as credit card balances is considered part of your savings strategy…

question 5 of 5 paying down debts such as credit card balances is considered part of your savings strategy. part of your wants. part of your investment plan. part of your monthly needs.

question 5 of 5 paying down debts such as credit card balances is considered part of your savings strategy. part of your wants. part of your investment plan. part of your monthly needs.

Answer

Brief Explanations:

Paying down debts reduces liabilities. Saving involves setting aside money, and paying off debts can free up future income for savings. It's not a want as it's a financial - obligation. It's not an investment as there's no expectation of return. Monthly needs are essential expenses like food and housing, not debt - repayment in the context of this question.

Answer:

part of your savings strategy.