How long will it take her to build her emergency fund is 30 months
Given:
Gross pay =$4,000
Monthly expenses =$2,000
First step is to calculate her Joelle 6 month expenses
6 months expenses=$2,000 × 6
6 months expenses= $12,000
Second step is to calculate the amount of income Joelle saved each month
Income= 10% × $4,000
Income = $400
Now let calculate how long will it take her to build her emergency fund
Number of months=$12,000/$400
Number of months=30 months
Inconclusion How long will it take her to build her emergency fund is 30 months
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