If you have to pay your car insurance deductible, which is the best place to get the money?(1 point)
Responses
your emergency fund
your insurance company
your credit card
your family
I just took the test, the answer is your emergency fund
1. your emergency fund
2. Reduce casual spending and increase savings until your emergency fund has been paid back.
3. tracking your spending
4. An interest bearing savings account
5. a mutual fund following the S&P 500
6. New York Stock Exchange
7. a high interest rate
8. the profit earned on the sale of an asset which has increased while it was owned
9. a fund that pools money from many investors to buy securities
10. owning dividend stocks
11. a type of account offered to employees at very little or no cost
12. replacing the furnace in January
13. A Living Will is for the end of your life and a Medical POA is for during your life.
I am not sure if the order of the questions will be different for everyone but those are the correct answers, I got 100% :)
Ur Mom Bruh is correct 100%
:))))))))))))))))))))))))))))))))))
To determine the best place to get the money to pay your car insurance deductible, we can consider a few factors. Let's explore each option:
1. Emergency Fund: If you have an emergency fund, it can be a good option. An emergency fund is money set aside specifically for unexpected expenses like this. It is preferable since you wouldn't have to incur additional costs, such as interest or potential strains on relationships.
2. Insurance Company: Some insurance companies offer deductible financing or installment plans. Inquiring with your insurance company about such options can be helpful. However, it's essential to consider any potential interest or fees associated with these payment plans compared to other options.
3. Credit Card: If you have a credit card with a sufficient credit limit, you can consider using it to pay your deductible. However, it's important to note that if you carry a balance on your credit card, you may be subject to interest charges. Make sure to review your credit card's terms and conditions, and if you can pay off the amount before any interest is accrued, this option may be viable.
4. Family: While asking family members for financial assistance is an option, it's advisable to consider this as a last resort. Borrowing from family can strain relationships, so it's crucial to carefully consider the dynamics involved and establish clear repayment terms to avoid creating any tensions.
Ultimately, the best place to get the money for your car insurance deductible will depend on your personal financial situation, the availability of funds, and the associated costs and terms of each option you consider.