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drek231 [11]
3 years ago
7

How is an emergency fund similar to and different from a savings fund?

English
2 answers:
motikmotik3 years ago
8 0

Answer:

An emergency fund is a certain amount of money set aside for emergencies, Savings are what you set aside for the future.

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Lapatulllka [165]3 years ago
6 0

Answer:

An emergency fund similar to and different from a savings fund is discussed below.

Explanation:

  • A pad is a miniature scale, normally $101–$1,000, that you keep in your checking statement for the purpose of bypassing overdrafts.
  • An emergency fund is a great stability—normally 3–7 months of existence values—that you keep in a savings account in matter of significant circumstances like job loss and a medicinal emergency.
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