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Nat2105 [25]
3 years ago
6

According to financial advisers, a family with monthly living expenses of $3,000 should maintain readily accessible savings of a

t least
Business
1 answer:
nekit [7.7K]3 years ago
7 0

Answer:

$9,000

Explanation:

As a rule of thumb, households or individuals should keep at least three times their monthly expenditure as emergency funds. The funds should be kept in a safe and easily accessible place, preferably as a savings account.

The funds kept aside should be used in emergencies only. The purpose is to help the family and individuals go through challenging moments such as job loss, accidents, or unfortunate incidents.

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