Question Which is a benefit of using auto-deposit to implement a savings plan?(1 point) Responses Auto-deposit insulates the saver so that they do not have to change their behaviors. Auto-deposit insulates the saver so that they do not have to change their behaviors. The deposit occurs automatically, so there is less temptation to spend the money. The deposit occurs automatically, so there is less temptation to spend the money. Using auto-deposit removes the responsibility from the saver. Using auto-deposit removes the responsibility from the saver. There is little inherent benefit to using auto-deposit.
The correct answer is: The deposit occurs automatically, so there is less temptation to spend the money.
The benefit of using auto-deposit to implement a savings plan is that it insulates the saver so that they do not have to change their behaviors. Additionally, the deposit occurs automatically, reducing the temptation to spend the money. Using auto-deposit removes the responsibility from the saver.
The correct answer is: The deposit occurs automatically, so there is less temptation to spend the money.
Auto-deposit is a method of implementing a savings plan where a predetermined amount of money is automatically deposited into a savings account at regular intervals, such as every paycheck or every month. This method has several benefits, one of which is that the deposit occurs automatically, which reduces the temptation to spend the money.
To arrive at the correct answer, you can analyze the given responses and identify the one that aligns with the benefit described above. In this case, the response stating that "The deposit occurs automatically, so there is less temptation to spend the money" accurately describes the benefit of using auto-deposit.