Which of the following practices helps an individual survive in a financial crisis?
A)Spending more than his or her earnings to maintain a good lifestyle
B)Investing small amounts regularly to achieve long-term financial goals
C)Establishing an emergency fund with 6 months' worth of income
D)Developing financial plans only after reaching the highest tax brackets
E)Planning tax without considering tax shelters

Question

Quizplus · Accepted Answer

Establishing an emergency fund with 6 months' worth of income is a prudent practice that helps individuals survive in a financial crisis.

Which of the Following Practices Helps an Individual Survive in a Financial