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 <u>paying for small appliance repairs</u>, 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 <u>under a rainy day fund.</u>
Next, we have <u>paying 500$ for unexcepted travel costs</u>. Well, this is urgent and unexcpedted. Furthermore, this is 500$, which is quite expensive. So this would go <u>under a emergency fund.</u>
Moving on, <u>we have saving for minor unplanned expenses</u>. Well, this is unplanned, and in addition, it is minor. Si we can conclude that this is something that <u>goes under the rainy day fund.</u>
The next one is <u>saving for major unplanned expenses.</u> This is the exact opposite of the one before it, being very expensive. So we can conclude that it is <u>under a emergency fund.</u>
<u>Paying for living expesnises after job loss.</u> Well, that seems sudden. And, living expenses, as you may know, arent the cheapest thing. SO we can conclude this goes <u>under a emergency fund.</u>
Finally, we <u>have paying for unexpected housing costs over 5000 dollars.</u> Well, that is a ton of money. Very expensive and unexpeted. So I think we can both conclude that <u>this is in the emergency fund.</u>
<u>Hope this helps!</u>