The way most of us save is to put away whatever is left after all expenses are taken care of, or put away any surplus income. But that is not the best way of saving and there are chances of us falling short. A very stringent savings plan that favours future demands over current aspirations is also likely to fail. Instead, a better approach is where due consideration is given to current and future needs. This will help divide the available income between current consumption and future saving. If an expense or a need is too large to be met out of the regular income, earmark it for the future. So the ................. way to buy a coveted watch is not to swipe the credit card and commit yourself to debt, but to set aside money from your current income and buy the watch when you have the required funds.

Which of the following can be best inferred from the paragraph?

(a) The better way to save is to give due consideration to current and future needs and plan accordingly.

(b) It's better to buy the things that you require at present than to save money and buy them later.

(c) Buying a watch is more important than saving for the future.

(d) A stringent savings plan will produce a good result for the future.

Question

The way most of us save is to put away whatever is left after all expenses are taken care of, or put away any surplus income. But that is not the best way of saving and there are chances of us falling short. A very stringent savings plan that favours future demands over current aspirations is also likely to fail. Instead, a better approach is where due consideration is given to current and future needs. This will help divide the available income between current consumption and future saving. If an expense or a need is too large to be met out of the regular income, earmark it for the future. So the ................. way to buy a coveted watch is not to swipe the credit card and commit yourself to debt, but to set aside money from your current income and buy the watch when you have the required funds.

Which of the following can be best inferred from the paragraph?

(a) The better way to save is to give due consideration to current and future needs and plan accordingly.

(b) It's better to buy the things that you require at present than to save money and buy them later.

(c) Buying a watch is more important than saving for the future.

(d) A stringent savings plan will produce a good result for the future.

Accepted Answer

**Solution:**

1. The passage discusses the common saving habits and highlights that saving only what remains after expenses or having an overly strict savings plan may not be effective.

2. It suggests a balanced approach where both current and future needs are considered, allowing income to be split between present consumption and future savings.

3. The example of buying a watch by saving gradually instead of incurring debt illustrates this balanced approach.

4. Among the options, (a) correctly captures this idea of planning savings by considering both present and future requirements.

5. Options (b), (c), and (d) contradict the passage's message or focus on incorrect priorities.

**Answer:** (a) The better way to save is to give due consideration to current and future needs and plan accordingly.

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