ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for ____
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spending money from your “rent” envelope.
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emergency fund spending.
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tracking all of the money you spent in a month.
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getting an extra job so you can have money to cover that expense.
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Explanation:
Detailed explanation-1: -Job Loss and Unemployment. Funerals. Pet Emergencies and Vet Bills. School Tuition and Fees.
Detailed explanation-2: -Some common examples include car repairs, home repairs, medical bills, or a loss of income. In general, emergency savings can be used for large or small unplanned bills or payments that are not part of your routine monthly expenses and spending.
Detailed explanation-3: -Unforeseen expenses means living costs which were unexpected and cannot be avoided.
There is 1 question to complete.