Question

Brenden wants to set aside money for times when he may be without work due to illness or layoffs. Which method would be best?

A. college savings account for his daughters
B. checking account
C. personal savings account
D. home equity line of credit

Answer 1

It would be C, personal savings account :)

Answer 2

I believe the answer is: personal savings account
personal savings account has several advantages compared to the other options above, such as:
- It could be freely use for any type of payments (unlike option A and D)
- compared to the others, personal saving account is the easiest to liquidate.(Easier than option B)