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What should you furnish enough money to live on in an emergency for six months?
Wiki User
∙ 14y ago
If one should furnish enough money to live on, they need to make sure they have enough for money food and day to day living expenses. They also need to have enough money to pay for housing.
Wiki User
∙ 9y ago
Wiki User
∙ 14y agoSavings
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What if your should furnish enough money to live on in an emergency for six months.?
your blank should furnish enough money to live on in an emergency for six months
What if your should furnish enough money to live on in emergency for six months?
Savings
Your should furnish enough money to live on in an emergency for six months. a.investments. B.savings. C.intrest. D.IRA?
b...savings
What is it called when you should furnish enough money to live on in an emergency for six months?
A "rainy day" fund really what does that mean
Should your savings furnish enough money to live on in an emergency for six months?
Yes, your savings should have enough in it to sustain your through hard times. You can choose to put more money in it than six months if you want to, so that the money will last longer.
If you have an emergency how much money should you have saved to live on temporarily?
6 months worth
What should furnish enough money to live on in an emergency for six months?
It depends exactly on how much you need to spend on necessities, and how much you want to spend on luxuries. You should take a look at your current budget, make reasonable assumptions on where you can cutback, and just go with your utilities, food, and everything you cannot possibly live comfortably without. It's completely possible to live off welfare in the streets or hunt and live in the woods, so you could say you need no money to live for 6 months. It depends on your standard of living. Plenty of people survive making minimum wage, so it's up to you really.
What is the minimum number of months' worth of living expenses that should be in an emergency fund?
Most money managers will tell you to have at least six months worth of living expenses in savings.
How much cash should I have put back as an emergency fund?
Some financial experts feel that people should start with $1,000 dollars as an emergency fund. The goal is to have enough to cover all of your expenses for at least a month or two.
How many months' worth of expenses do you think your financial reserve should include?
Keep 3 to 6 months of income in an emergency savings account which is only to be used in the case of an emergency. This is usually sufficient to cover a sudden loss of employment and/or other temporary situation that may arise.
Building Your Emergency Fund?
Most people don't have savings put aside in case of an emergency, and find themselves in debt when an unexpected life event occurs. Ideally, to deal with those unexpected situations, you should have enough money put aside to sustain you and your family for six months. Budget- Make a budget and cut expenses where you can, putting the excess into an emergency fund. Determine An Amount- How much do you really need to sustain your family for six months? Invest Wisely- If you're going for an interest bearing account, be sure it's a low risk option.
Should emergency be capitalized?
Yes, "Emergency" should be capitalized when referring to a specific situation or type of response, such as "Emergency Room" or "State of Emergency."
