Final answer:
The quote "A hungry stomach and an empty wallet teach the best lesson of life" emphasizes the importance of budgeting. Budgeting helps individuals make informed financial decisions, prioritize their needs, and ensure that they have enough resources to meet their basic requirements.
Step-by-step explanation:
The quote "A hungry stomach and an empty wallet teach the best lesson of life" emphasizes the importance of a) budgeting. When faced with limited resources, such as a lack of food or money, it becomes necessary to prioritize and allocate resources effectively. Budgeting allows individuals to plan and manage their expenses to ensure that basic needs are met.
For example, if someone is hungry and their wallet is empty, they can create a budget to allocate their available money towards buying food. By tracking their income and expenses, they can determine how much they can afford to spend on groceries and plan their meals accordingly.
Overall, budgeting helps individuals make informed financial decisions, prioritize their needs, and ensure that they have enough resources to meet their basic requirements.