Izzy tried to pay for groceries, but her debit card was declined. She checked her account online and saw that it was overdrawn. How could Izzy have avoided this situation?
A.
Sell her stock options before buying groceries.
B.
Pay her credit card bill on time last month.
C.
Invest her income in property or the stock market.
D.
Check her account balance before spending money.
D. Check her account balance before spending money.
The correct answer is D. Check her account balance before spending money. By regularly monitoring her account balance, Izzy could have avoided the situation of having her debit card declined. It's important to keep track of one's finances to ensure that there are sufficient funds available before making any purchases.
The correct answer is D. Check her account balance before spending money.
To avoid situations like Izzy's, it is important to keep track of your account balance regularly. This can be done by checking your account balance through online banking, mobile banking apps, or ATMs. By doing so, you will be aware of how much money you have available to spend, making it less likely for you to spend more than what you have in your account and avoid potential overdraft fees or declined transactions.
Option A, selling stock options, may not be directly related to Izzy's situation unless she has stock options that can cover the cost of her groceries. It is always wise to diversify investments and not solely rely on one type of investment.
Option B, paying her credit card bill on time last month, could improve Izzy's credit history and prevent late fees or high-interest charges but may not directly address her issue with the declined debit card.
Option C, investing income in property or the stock market, might be a good long-term financial strategy but may not immediately help with the specific situation of having insufficient funds in her account.