the samuels family often faces unexpected expenses, such as when one of their dogs gets sick. this year…

the samuels family often faces unexpected expenses, such as when one of their dogs gets sick. this year, they received a $5,000 income tax refund. which option below represents a wise compromise between giving themselves a treat and preparing for unexpected expenses?\n\n○ spend the $5,000 on a vacation and promise to save more when they get home\n\n○ spend $1,000 on things they want and save the rest for unexpected expenses\n\n○ save the entire amount for unexpected expenses and begin saving for a vacation\n\n○ save what they think their unexpected expenses will cost and spend the rest

the samuels family often faces unexpected expenses, such as when one of their dogs gets sick. this year, they received a $5,000 income tax refund. which option below represents a wise compromise between giving themselves a treat and preparing for unexpected expenses?\n\n○ spend the $5,000 on a vacation and promise to save more when they get home\n\n○ spend $1,000 on things they want and save the rest for unexpected expenses\n\n○ save the entire amount for unexpected expenses and begin saving for a vacation\n\n○ save what they think their unexpected expenses will cost and spend the rest

Answer

Brief Explanations:

To find a wise compromise, we need a balance between spending (treating themselves) and saving (preparing for unexpected expenses).

  • The first option spends all on vacation with only a promise to save later, which is not a concrete plan for unexpected expenses.
  • The second option spends $1,000 (for wants) and saves $4,000 (for unexpected expenses), which balances both.
  • The third option saves all, so no treat, not a compromise.
  • The fourth option's saving amount is based on a guess, which is risky as unexpected expenses can be unpredictable.

Answer:

B. spend $1,000 on things they want and save the rest for unexpected expenses