Short-term planning should include creating and maintaining an emergency fund with at least 6 months' worth of income.

Question

Quizplus · Accepted Answer

Creating and maintaining an emergency fund with at least 6 months' worth of income is an important part of short-term financial planning as it provides a safety net in case of unexpected events such as job loss, medical emergencies, or other financial emergencies.

Short-Term Planning Should Include Creating and Maintaining an Emergency Fund