Question

How much money should you save in case you have an emergency? eight months of living expenses six months of living expensestwelve months of living expenses two months of living expenses

Answer 1

Financial experts recommend that you have an emergency fund of six months’ living expenses saved in case you lose a job as an adult. So, the correct answer is B: six months of living expenses.

Answer 2

Most experts believe you should have enough money in your emergency fund to cover at least 3 to 6 months' worth of living expenses.