Problemas
Understanding When creating a budget why is it important to prioritize savings for unexpected expenses? A A To cover variable expenses B B To maintain fixed expenses C ) To ensure long-term financia stability D D To eliminate the need for a budget
Roztwór
Roxana
professionell · Tutor durante 6 años
4.2
(281 Votos)
Respuesta
The correct answer is C. Savings for unexpected expenses are prioritized in a budget to ensure long-term financial stability.
Explicación
## Step 1The question is asking why it is important to prioritize savings for unexpected expenses when creating a budget. The options provided are:A) To cover variable expensesB) To maintain fixed expensesC) To ensure long-term financial stabilityD) To eliminate the need for a budget## Step 2Option A suggests that savings are prioritized to cover variable expenses. While savings can indeed be used to cover variable expenses, this is not the primary reason for prioritizing savings.## Step 3Option B suggests that savings are prioritized to maintain fixed expenses. This is not the primary reason for prioritizing savings either. Fixed expenses are typically predictable and can be budgeted for.## Step 4Option C suggests that savings are prioritized to ensure long-term financial stability. This. Savings for unexpected expenses can help to prevent financial stress and instability in the unexpected events such as job loss, medical emergencies, or major repairs.## Step 5Option D suggests that savings are prioritized to eliminate the need for a budget. This is not correct. A budget is a tool that helps to manage income and expenses, and savings are a part of that management.