Calculating the Amount for an Emergency Fund. Beth and Bob Martin have a total take-home pay of $3,200 a month. Their monthly expenses total $2,800. Calculate the amount the couple needs to establish an emergency fund. How did you calculate this amount?

Question

precal · Answer

what formula do they tell you to use?

precal · Answer

Dave Ramsey (a financial expert) says it should be 3 to 6 months of expenses, but what instructions were you given?