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Question

It is always advisable to allocate while budgeting.

A
an emergency fund
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B
an extra fund
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C
expenses
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D
income
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Solution

The correct option is A an emergency fund
Keeping an emergency fund is essential while budgeting as one may encounter unforeseen circumstances that could pose poblems, like losing one's job unexpectedly or a global pandemic. One way to split an income is by using the 50-30-20 rule of budgeting.

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