understanding financial choices\nmason has decided to purchase a new bike, which he will ride for fun. he…

understanding financial choices\nmason has decided to purchase a new bike, which he will ride for fun. he has a very strict weekly budget, and has found a bike he can afford.\nif mason wants to consider his short - term and long - term goals, which questions should he ask? check all that apply.\n□ will other kids think my new bike is cool?\n□ do i want the bike this month, or should i wait and buy it during the summer?\n□ will buying the bike keep me from reaching another goal, like buying a car?\n□ do i really need the bike, or can i get by with my old one for a while longer?\n□ how many of my friends have new bikes?

understanding financial choices\nmason has decided to purchase a new bike, which he will ride for fun. he has a very strict weekly budget, and has found a bike he can afford.\nif mason wants to consider his short - term and long - term goals, which questions should he ask? check all that apply.\n□ will other kids think my new bike is cool?\n□ do i want the bike this month, or should i wait and buy it during the summer?\n□ will buying the bike keep me from reaching another goal, like buying a car?\n□ do i really need the bike, or can i get by with my old one for a while longer?\n□ how many of my friends have new bikes?

Answer

Brief Explanations:

To consider short - term and long - term goals when making a financial decision like buying a bike, one should think about timing (buying now or later), impact on other goals (like saving for a car), and necessity. Questions about what others think or how many friends have new bikes are not related to financial goals.

Answer:

  • Do I want the bike this month, or should I wait and buy it during the summer?
  • Will buying the bike keep me from reaching another goal, like buying a car?
  • Do I really need the bike, or can I get by with my old one for a while longer?