If you used money from your emergency fund, which is an appropriate next response?(1 point)

Question

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.

Answer 1

The most appropriate next response after using money from your emergency fund would be:

Reduce casual spending and increase savings until your emergency fund has been paid back.

This approach allows you to responsibly replenish your emergency fund without incurring additional debt or relying on borrowing, which can create further financial strain.