Explain how your personal savings rate is affected if you purchase a new stereo

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Greyson Hurst

21 May, 10:48

Explain how your personal savings rate is affected if you purchase a new stereo

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Giancarlo Farrell · Answer 1

I am not really sure but i think it is affected because to purchase a new stereo set you might use a large amount from your personal savings and then to start saving the way you save normally would be a problem and then you would have to change your saving style thereby affecting your rate