QuestionMay 27, 2025

Would your monthly savings goal be considered a Variable or Fixed expense? Neither Both Variable Fixed What is an Emergency Fund? Cash you keep at home in case of an emergency Stocks and bonds you can sell off quickly in case you need it 6 months worth of expenses set aside Part of your health insurance policy

Would your monthly savings goal be considered a Variable or Fixed expense? Neither Both Variable Fixed What is an Emergency Fund? Cash you keep at home in case of an emergency Stocks and bonds you can sell off quickly in case you need it 6 months worth of expenses set aside Part of your health insurance policy
Would your monthly savings goal be considered a Variable or Fixed expense?
Neither
Both
Variable
Fixed
What is an Emergency Fund?
Cash you keep at home in case of an emergency
Stocks and bonds you can sell off quickly in case you need it
6 months worth of expenses set aside
Part of your health insurance policy

Solution
4.1(188 votes)

Answer

Variable ### 6 months worth of expenses set aside Explanation 1. Determine the nature of monthly savings goal Monthly savings goals are typically considered a **Variable** expense because they can change based on income and financial priorities. 2. Define an Emergency Fund An Emergency Fund is typically defined as **6 months worth of expenses set aside** to cover unexpected financial emergencies.

Explanation

1. Determine the nature of monthly savings goal<br /> Monthly savings goals are typically considered a **Variable** expense because they can change based on income and financial priorities.<br /><br />2. Define an Emergency Fund<br /> An Emergency Fund is typically defined as **6 months worth of expenses set aside** to cover unexpected financial emergencies.
Click to rate:

Similar Questions