Which choice or choices best describes the purpose of an
emergency fund?

Just as the name implies, an emergency fund is a fund set aside against unforeseen future occurrence. This fund can be taken to handle impromptu situations requesting fund to offset them. It is very important in a human life to have this because there will always be a rainy day when no one expects it will rain.

the question deals with financial planning and the answer is that dan did not stay on budget due to the fact that this guy needs to start decreasing his discretionary spending. according to the financial plan, he needed to balance his expenses and resources.

what is the answer