Barry Ferrell has monthly income of $2,500. His monthly expenses are $2,000. Based on this information, Barry should establish an emergency fund of at least

Question

Quizplus · Accepted Answer

Barry's monthly expenses are $2,000, which means he should aim to have at least 3-6 months' worth of expenses in his emergency fund. 3 months of expenses would be $6,000, so the best choice is D) $6,000.

Barry Ferrell Has Monthly Income of $2,500