Janice spends a total of $2,500 a month to cover all living expenses.Which of the following would represent the maximum suggested acceptable emergency fund?

Name: Janice spends a total of $2,500 a month to cover all living expenses.Which of the following would represent the maximum suggested acceptable emergency fund?
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Question

Quizplus · Accepted Answer

The maximum suggested acceptable emergency fund is often advised to be about six months' worth of living expenses. For Janice, this would be 6 times $2,500, which equals $15,000.

Janice Spends a Total of $2,500 a Month to Cover