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Discuss the Five Categories of a Consumption Fund and What

Question 73

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Discuss the five categories of a consumption fund and what they are used for. Assess your own weekly or monthly expenditures, roughly, in terms of these categories. Are the categories adequate to capture your expenditure patterns? Do the five categories need to be redefined or do other categories need to be added? If yes, what and why? If no, comment as to why not.

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