Question

question 25 (1 point)
what is one step you can take to adjust a budget for a limited income?
o a increase your spending on luxury items to feel more satisfied
o b prioritize essential expenses and cut back on non - essential spending
o c borrow money regularly to cover basic expenses
o d stop contributing to your emergency fund

Explanation:

When dealing with a limited income, it's crucial to manage finances effectively. Increasing spending on luxury items (a) is unwise as it drains funds. Regular borrowing (c) can lead to debt. Stopping emergency fund contributions (d) is risky. Prioritizing essentials and cutting non - essentials (b) is a practical and responsible approach.

Answer:

B. Prioritize essential expenses and cut back on non - essential spending