Question

How much money should you save in case you have an emergency?

Eight months of living expenses
Six months of living expenses
Twelve months of living expenses
Two months of living expenses

Answer 1

Which do you think

Answer 2

Here is a possible website to consider: https://www.thebalance.com/is-your-emergency-fund-too-big-4142617#:~:text=Key%20Takeaways,be%20able%20to%20save%20less.

Answer 3

so b ?

Answer 4

Look at this as well https://www.google.com/search?q=How+much+money+should+you+save+in+case+you+have+an+emergency%3F&rlz=1CAEZTK_enUS932&oq=How+much+money+should+you+save+in+case+you+have+an+emergency%3F&aqs=chrome..69i57.1136j0j7&sourceid=chrome&ie=UTF-8&safe=active&ssui=on

Answer 5

yep

Answer 6

yes, B would be correct

however, many experts have been changing their "rules" due to the pandemic. They realized that if something like this were to ever happen again, it is definitely worthwhile to try to save more than 6 months (perhaps 12 months) of expenses for an emergency fund

Answer 7

additionally, an emergency fund should also increase in size depending on the risk tolerance of your job.

For example, if you work a some-what season job where your customers / pay depends on the time of year, it is also worth it in this situation to develop more than a six month emergency fund