4. Carlos wanted to buy a new gaming system but he also had to pay his car insurance. He had enough money in the bank for both, but would not have much left for an emergency. Given the five basic financial literacy concepts listed below, circle the concept is Carlos struggling with? Earning money Saving/investing money Planning for emergencies Budgeting money Creating debt/borrow ing money

Question

4. Carlos wanted to buy a new gaming system but he also had to pay his car insurance. He had enough money in the bank for both, but would not have much left for an emergency. Given the five basic financial literacy concepts listed below, circle the concept is Carlos struggling with? Earning money Saving/investing money Planning for emergencies Budgeting money Creating debt/borrow ing money

Answer 1

Carlos is struggling with the concept of "Planning for emergencies." He has enough money for both the gaming system and car insurance, but he is concerned about not having much left for an emergency. This indicates that he has not adequately planned for unexpected expenses or emergencies.

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