Question

all of the following are good financial savings strategies except

A. paying off credit card debt before saving for retirement
B. saving for an emergency fund then paying off credit card debt.
c. saving for an emergency fund then retiring.
d. paying off credit card debt then saving for retirement.

Answer 1

[AI-generated answer — Bot GPT 3.5]

C. saving for an emergency fund then retiring.

Saving for an emergency fund is a good financial savings strategy, but it is important to prioritize paying off high-interest debt (such as credit card debt) before saving for retirement. Retirement savings should typically come after paying off high-interest debt and building an emergency fund.