Define What an Emergency Fund Is and Describe Its Function

question 94

Essay

Define what an emergency fund is and describe its function. If your income is $20,000 per year and living expenses are $1,500/month, how much money should be in the fund?

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Definitions:

English

A West Germanic language originating in England and the first language for most people in the UK, the US, Canada, Australia, New Zealand, and several other countries.

Foster Families

Households that provide temporary care for children whose parents are unable to care for them.

Great Britain

An island in the North Atlantic Ocean off the northwest coast of continental Europe, comprising England, Scotland, and Wales.

Endangered Children

Refers to children who are in situations that severely compromise their physical, mental, or emotional well-being.