Max has set a goal to create an emergency fund. he determined that his monthly expenses total $1,525. based on recommendations, how much should max save for his emergency fund?

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07-01-2018
Business

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Max has set a goal to create an emergency fund. he determined that his monthly expenses total $1,525. based on recommendations, how much should max save for his emergency fund?

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andriansp andriansp · Answer 1 · 2018-01-16T14:24:24+01:00

andriansp andriansp

16-01-2018

According to reccomendations, emergency funds should at least cover the usual monthly expense for about 6 months (assuming that there wouldn't be any form of income during that 6 months)/
So i think the answer is:
$ 1,525 x 6 = $ 9150

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