Jamie Lynn earns $40,000 a year.Her monthly expenses total $1,700.What is the minimum amount of money that Ms.Lynn should set aside in an emergency fund?

Question

Quizplus · Accepted Answer

It is recommended to have at least three to six months of living expenses saved in an emergency fund. For Jamie Lynn, her monthly expenses are $1,700, so for three months, she should have at least $5,100 saved in her emergency fund. Therefore, the best choice is C.

Jamie Lynn Earns $40,000 a Year