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

Mathematics

2 answers:

andrey2020 [161]3 years ago

8 0

Answer:

An emergency fund is a certain amount of money set aside for emergencies, whatever those might be. It's kept in a very liquid form, whether it be cash or in a checking/savings account nearby. Savings are what you set aside for the future.

Volgvan3 years ago

6 0

Answer:

An emergency fund is an instantly available source of money in any situation to face the financial dilemma, the situation can vary from individual to nation, according to most financial planners an emergency money should contain at least three to six month worth of expenses.

while on the other hand saving funds are those funds which you saved during your normal life to meet your expenses in the coming future.

You might be interested in

The sum of two consecutive odd intergers is 92

frutty [35]

Answer:

45,47

Step-by-step explanation:

(x)+(x+2)=92

= 2x+2=92

=2x=90

x=45

x+2=47

8 0

3 years ago

Read 2 more answers

What is the difference between cross-section and intersection in geometry?

Triss [41]

A cross-section is the shape that would be exposed when cutting straight through a 3-D object. for example, cutting horizontally through a regular cone would expose a circle.

an intersection is where 2 or more shapes (does not matter how many dimensions) overlap. for example, the point at which two lines overlap is the intersection. or the area that two overlapping circles share is the intersection.

5 0

3 years ago

Can somebody help me out ?? please ..

kotegsom [21]

Y=35
Z=112
Hope this helps you and you have a good day and yes I did calculate this

8 0

2 years ago

a car needw fixing and abe can fix it for $70 per hour with a $130 part, but gabe can fix it for $80 an hour with a $40 part. ho

Zolol [24]

70 + 130 = 200
This would be Abe’s one hour of work and the part
80 + 80 + 40 = 200
This would be Gabe’s two hours of work and the part

6 0

3 years ago