Question

Kelly knows that her car is getting older and will probably need repairs soon. She saves $50 each week to be used for the repairs when they are needed.

Is this a financially responsible decision or a financially irresponsible decision? Explain the financial benefits or costs of this decision.

Answer 1

can you help

Answer 2

@jim_thompson5910

Answer 3

@pooja195 @sleepyjess

Answer 4

It depends on how old the car is really, or how worn out it is. It makes sense to put aside money to fix the car, but after a while, the cost of repairs will probably grow out of control. At some point, it probably makes sense to get a new car or a less worn out used car.