Which of the following is most likely missing from your financial plan if you are not prepared for an emergency? a. financing b. a budget c. investments d. savings Please select the best answer from the choices provided
Answers
Even though each of the given options seems to be equally preferable, still according to me, option (D) i.e. savings should be the right answer.
This is because one is generally ready with financing, budget plan and investment.
However this might still exceed in case of an emergency when one might not be prepared with savings.
Savings has to be done prior to any emergency or crisis and one needs to keep alternate plans for it.
Answer:
Step-by-step explanation:
Our aim is to find the correct answer from all possibilities.
Since we are considering a financial plan, we need always to be prepared for an emergency. In my opinion financing and budget are equally important, but not as important as investments and saving.
If we invest, we won't be prepared for an emergency, since our capital was invested.
Thus, saving is the most likely missing from a financial plan when not prepared or an emergency.
Hence, always make sure you save some before invest.