A major part of the budgeting process to ensure success is

Name: A major part of the budgeting process to ensure success is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Establishing an emergency fund is a crucial part of budgeting as unexpected expenses can often arise. This fund should ideally contain 3-6 months of living expenses and can help avoid dipping into savings or going into debt during difficult times. Reducing credit limits, limiting entertainment expenses, and planning for an overdraft should not be the primary focus of budgeting.

A Major Part of the Budgeting Process to Ensure Success