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Q: Beth and Bob Martin have a total take-home pay of $3,600 a month. Their monthly expenses total $3,100. Calculate the minimum amount this couple needs to establish an 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.
Expert answered|sharpies|Points 5954|
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Asked 12/20/2011 10:15:44 PM
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