Question

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Answer 1

Answer:

Ill just put the answers down below.

Explanation:

So first off, lets understand what the two different types of funds are, and then lets take the statements and chose which is better described.

Ok, a rainy day fund is a fund is basically a fund for minor everyday expenses. So like, lets say that your toilet is broken, and you need to pay the plumber 100 dollars. This would be something  that a rainy day fund is used for.

On the other hand, a emergency fund is a fund that is for a urgent, abrupt, and more expensive. For example, lets say that all of a sudden, your apartment complex raised the price of your apartment, and you must pay an extra 500 dollars in the next week. This would be something that a emergency fund is used for

Now, lets sort out your statements, and see which area they can be put into.

Lets start with paying for small appliance repairs, well, that isnt going to be very expensive. Aside from that, it isnt urgent or life threatening to you. So considering that, this would go under a rainy day fund.

Next, we have paying 500$ for unexcepted travel costs. Well, this is urgent and unexcpedted. Furthermore, this is 500$, which is quite expensive. So this would go under a emergency fund.

Moving on, we have saving for minor unplanned expenses. Well, this is unplanned, and in addition, it is minor. Si we can conclude that this is something that goes under the rainy day fund.

The next one is saving for major unplanned expenses. This is the exact opposite of the one before it, being very expensive. So we can conclude that it is under a emergency fund.

Paying for living expesnises after job loss. Well, that seems sudden. And, living expenses, as you may know, arent the cheapest thing. SO we can conclude this goes under a emergency fund.

Finally, we have paying for unexpected housing costs over 5000 dollars. Well, that is a ton of money. Very expensive and unexpeted. So I think we can both conclude that this is in the emergency fund.

Hope this helps!