QuestionAugust 9, 2025

MULTIPLE-CHOICE QUESTION What type of monthly expenses should you use to calculate how much money you should put in an emergency fund? essential expenses all monthly expenses nonessential expenses

MULTIPLE-CHOICE QUESTION What type of monthly expenses should you use to calculate how much money you should put in an emergency fund? essential expenses all monthly expenses nonessential expenses
MULTIPLE-CHOICE QUESTION
What type of monthly expenses should you use to calculate how much
money you should put in an emergency fund?
essential expenses
all monthly expenses
nonessential expenses

Solution
4.1(213 votes)

Answer

essential expenses Explanation 1. Identify the purpose of an emergency fund An emergency fund is meant to cover necessary costs during unforeseen events. 2. Determine relevant expenses Essential expenses are those that must be paid, such as rent, utilities, and groceries.

Explanation

1. Identify the purpose of an emergency fund<br /> An emergency fund is meant to cover necessary costs during unforeseen events.<br />2. Determine relevant expenses<br /> Essential expenses are those that must be paid, such as rent, utilities, and groceries.
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