mrethorum
contestada

Creating an emergency fund to pay for unexpected expenses is known as __________________________________.

a
Backdoor Budgeting
b
"Saving for a Rainy Day"
c
Opening a Mutual Fund
d
Placing your money in a CD

Respuesta :

Samawati

Answer:

b

"Saving for a Rainy Day"

Explanation:

"saving for rainy day' is a phrase that means putting some money a side  for use in times of need. The phrase encourages  people to save money for emergency use.  As a rule of thumb, one should have at least three times their normal income as savings.

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