Janice spends a total of $3,300 a month to cover all living expenses.Which of the following would represent the maximum suggested acceptable emergency fund?

Question

Quizplus · Accepted Answer

The maximum suggested acceptable emergency fund is often recommended to be about 6 months' worth of living expenses. Since Janice's monthly expenses are $3,300, multiplying this by 6 gives $19,800, which is the maximum suggested acceptable emergency fund.

Janice Spends a Total of $3,300 a Month to Cover