12. When it comes to managing money, success

is about

head knowledge and

-% behavior.

50,50

60,40

080, 20

0 20,80

Answer: Option D

Explanation:

The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

Increased spending without saving also has the risk of increased debts and increases the stress. The savings is low for many people and for the purpose of spending money they borrow money. A person who has more debts it keeps him from building assets and investments.