Question

you need to have an emergency fund that can cover ____ months of your fixed expenses.
(1 point)

○ 1 to 3

○ 4 to 5

○ 3 to 6

○ 5 to 7

Explanation:

Standard personal finance guidance recommends an emergency fund sufficient to cover 3 to 6 months of fixed expenses to handle unexpected financial disruptions like job loss or medical emergencies.

Answer:

C. 3 to 6