Budgeting in saving money for unforeseen emergency. state whether the statement is true (or) false and justify it

The given statement is true. It should not surprise as the main objective of budgeting is to reduce the wasteful expenditure.

Hence this technique helps us a great deal in saving money.

This money which is saved comes in handy for any unforeseen emergency in future situations.

Therefore, it is a common technique which is being followed in almost every household.

"The statement is absolutely true.

A person earnings or income is spent in the proper way. Only with the help of budgeting, this can be achieved.

From your monthly income, you should save certain amount for medical expenses; for the future expenditure; and for the emergency purpose.

This can be achieved only by budgeting the income earnings. Not only in the house but also a country's development is achieved by the proper budgeting in the system."

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