ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They do not occur if you have a budget.
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They could impact your budget in a negative way.
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They could interfere with your ability to pay your bills.
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They should be planned for so that you can keep within your budget.
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Detailed explanation-1: -But what is not true about unexpected expenses is that if you have a budget, you can easily avoid having emergency expenses.
Detailed explanation-2: -What is NOT true about unexpected expenses? They do not occur if you have a budget.
Detailed explanation-3: -Whether it’s a medical emergency, a car breakdown, or a burst pipe, the unexpected can cause a strain on your budget and your daily routine. Planning can help you be better prepared for unexpected expenses, including knowing what options may help you budget during an emergency.
Detailed explanation-4: -A truly unexpected expense is something that you can’t predict, such as a natural disaster or a medical emergency. These are the things that could happen to you at any time, but you can never be sure if they will – or how much they’ll cost you if they do.
Detailed explanation-5: -Q. Which of the following is NOT true about emergency funds? They are used for anything listed on the budget.