Your savings account:
A) Should contain at least five months' income
B) Should have approximately 5% of your paycheck contributed to it each month
C) Both A and B
D) None of the above

Question

Quizplus · Accepted Answer

Both A and B are important factors to consider for maintaining a healthy savings account. Having at least five months' income saved up can provide a financial buffer in case of emergencies or unexpected expenses. Contributing approximately 5% of your paycheck each month can help steadily grow your savings over time. Therefore, both A and B are the best choices.

Your Savings Account