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How does saving help in livelihood security?

Answer and explanation

Correct answer: It provides financial support when income stops or unexpected expenses arise

Savings help meet essential expenses during emergencies, illness, unemployment, or a temporary fall in income. Therefore, they strengthen livelihood security. Option B is incorrect because savings do not end a source of income; they help keep money available for future needs. Exam tip: Link savings with emergency financial support and future security.

Related tags

SavingsLivelihood SecurityFinancial PlanningEmergency FundHome ScienceWorkCareers And LivelihoodWork Careers And LivelihoodLivelihood And Career

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