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Max has set a goal to create an emergency fund. he determined that his monthly expenses total $1,525. based on recommendations, how much should max save for his emergency fund?
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Max has set a goal to create an emergency fund. he determined that his monthly expenses total $1,525. based on recommendations, how much should max save for his emergency fund?

User Peyman Abdollahy
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1 Answer

3 votes
According to reccomendations, emergency funds should at least cover the usual monthly expense for about 6 months (assuming that there wouldn't be any form of income during that 6 months)/
So i think the answer is:
$ 1,525 x 6 = $ 9150
User Marvin Dickhaus
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8.6k points
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