If you used money from your emergency fund, which is an appropriate next response?(1 point) Responses Repay your emergency fund by borrowing against credit cards. Repay your emergency fund by borrowing against credit cards. Continue with the saving plan as is, and your emergency fund will eventually return to its previous balance. Continue with the saving plan as is, and your emergency fund will eventually return to its previous balance. Reduce casual spending and increase savings until your emergency fund has been paid back. Reduce casual spending and increase savings until your emergency fund has been paid back. Borrow the money from your friends to pay the emergency fund back.
Reduce casual spending and increase savings until your emergency fund has been paid back.
Reduce casual spending and increase savings until your emergency fund has been paid back.
The appropriate next response if you used money from your emergency fund would be to reduce casual spending and increase savings until your emergency fund has been paid back. This approach allows you to gradually replenish your emergency fund without incurring additional debt or relying on others for loans. By cutting down on non-essential expenses and allocating more towards savings, you can work towards restoring your emergency fund to its previous balance over time.
