How can you use your problem-solving skills to find a long-term solution when a financial crisis arises?

A. Strive to save a small portion of your gross income every month.
B. Sell your assets and use the money to cover monthly expenses.
C. Put off your insurance payments for a couple of months until financial stability is achieved.
D. Negotiate with your creditors to push the current payment to the next month.

Utilize problem-solving skills by saving income regularly, setting financial goals, and managing expenses and assets to address a financial crisis effectively.

Explanation:

Problem-solving skills are crucial when facing a financial crisis. To find a long-term solution, it is essential to save a portion of gross income monthly to build an emergency fund. Setting short-term, medium-term, and long-term goals can guide financial planning towards stability. Additionally, evaluating and adjusting expenses while tracking assets and liabilities aids in maintaining financial security.

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