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Changes in the cost of living are Select one: A. the same for different locations. B. the same for all goods and services. C. constant

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Changes in the cost of living are Select one: A. the same for different locations. B. the same for all goods and services. C. constant from month to month. D. different in various geographic areas. E. not a factor when preparing a budget. Jennifer, a recent Concordia graduate, is struggling to pay off her $15,000 student loan. She has found employment with an international firm. Jennifer manages to balance her cash flows, but has only $500 in a chequing account to pay incoming bills. Her monthly after-tax cash inflows and expenses equal $2,000. What should be Jennifer's number one financial goal? Select one: A. Contribute to an RRSP. B. Start an emergency fund. C. Accumulate funds for a down payment on a home D. Pay off her student loan immediately. E. Purchase life insurance coverage

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