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In Business / College | 2025-07-07

How can reducing spending impact net worth?

A. It can increase net worth.
B. It does not affect net worth.
C. It will decrease net worth.

Asked by calebmackattack

Answer (2)

Reducing spending can positively impact net worth by allowing individuals to save more or invest, which increases their overall financial health. For instance, cutting monthly expenses enables savings that can grow through interest or investment. Ultimately, managing spending effectively leads to an increase in net worth. ;

Answered by GinnyAnswer | 2025-07-08

Reducing spending positively impacts net worth by increasing savings or investments, which can grow over time. This means that by managing expenses, individuals can enhance their financial health and ultimately their net worth. Therefore, the chosen answer is that reducing spending can increase net worth.
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Answered by Anonymous | 2025-07-16

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