Problem: Considering the principles taught in this module, which of the following scenarios best represents a balanced approach to money management for a college student? A) Immediately spending a majority of their monthly allowance on the latest gadgets, leaving a small fraction for essential expenses. B) Allocating funds strictly for essential needs, without setting aside any amount for leisure or personal wants. C) Dividing their monthly allowance into clear categories, such as savings for long-term goals, essential needs, short-term goals, and a small portion for personal leisure. D) Saving their entire monthly allowance for future investments, while relying on credit cards for all current expenses.