Select the correct answer Wyatt is a businessman. He often travels to different places for business purposes and spends money on hotel stays and get-togethers with
other businesspeople. He wants to keep track of his spending and not worry about falling short on money during a business trip. What advice
would you offer him to achieve this goal?
A take out a business loan
O carry cash
use a credit card
ask trusted colleagues to carry money
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use a credit card

Explanation:

Wyatt seems to travel very often, thus, it is best for him to carry a credit card in order to track his expenses. He'll be able to track his spending in different ways and he'll be able to receive hotel discounts and airline rewards due to his frequent travels.

Tracking one's credit card spending can be done online, so Wyatt can surely update himself about his spending every day if he wants to. This will give him an idea where most of his hard-earned money is going to without the need to wait for the credit card bill.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

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