ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial emergencies
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exciting financial opportunties
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financial security
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all of these
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Detailed explanation-1: -Having a set amount of money to save, spend and use on daily expenditure liberates you financially and creates a better monetary standing for you. The times of emergency and need come unannounced hence, creating a budgeting and adhering to the same will help you in saving funds that can be used in times of need.
Detailed explanation-2: -Saving money is one of the essential aspects of building wealth and having a secure financial future. Saving money gives you a way out of the uncertainties of life and provides you with an opportunity to enjoy a quality life.
Detailed explanation-3: -A budget should include your income, savings, debt repayment, and general expenses.
Detailed explanation-4: -Budgeting is the act of putting together a budget, which is an estimate of your revenue and expected expenses for a given time period. Savings refers to the money left over after your expenses are subtracted from your revenue, also within a specific time period.