Nonessential spending includes expenses such as:A.buying health insurance.B.going to the movies.C.paying interest on loans.D.paying federal taxes.
Question
Solution 1
Nonessential spending refers to the money spent on goods or services that are not necessary for survival or mandatory obligations. In the context of the options provided:
A. Buying health insurance - This is considered essential spending because it is necessary for covering potential health costs.
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