Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Calculating the Amount for an Emergency Fund. Beth and Bob Martin have a total take-home pay of $3,600 a month. Their monthly expenses total $3,100. Calculate the amount the couple needs to establish
an emergency fund (assume a 3 month emergency fund). How did you calculate this amount?
A: Financial planners typically recommend creating an emergency fund equal to three to six months of living expenses. So Beth and Bob will need $3100(living expenses) times three(min)= $9300 and $3100 times six= $18, 600.
sharpies|Points 7984|
Question
Asked 6/17/2012 8:47:54 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,399,784 questions answered
Weegy Stuff
S
P
P
L
P
P
P
Points 129 [Total 1865] Ratings 3 Comments 99 Invitations 0 Offline
S
Points 57 [Total 68] Ratings 4 Comments 17 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 16 [Total 16] Ratings 0 Comments 6 Invitations 1 Offline
S
L
Points 15 [Total 112] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.