ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This helps you prepare for unexpected expenses.
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Credit cards
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Checking account
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Emergency fund
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None of the above
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Explanation:
Detailed explanation-1: -Unforeseen expenses means living costs which were unexpected and cannot be avoided.
Detailed explanation-2: -What is an emergency fund? An emergency fund is a separate savings or bank account used to cover or offset the expense of an unforeseen situation. It shouldn’t be considered a nest egg or calculated as part of a long-term savings plan for college tuition, a new car, or a vacation.
Detailed explanation-3: -Start an emergency fund. Review non-essential spending. Consider a personal loan. Make extra money. Check your insurance. Use Bright to build an emergency fund.
Detailed explanation-4: -Housing. Food. Health care (including insurance). Utilities. Transportation. Personal expenses. Debt.
There is 1 question to complete.