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Answer :
Experts in general recommend that an emergency fund should be able to cover expenses for A . three to six months.
What is an emergency fund?
This refers to a savings strategy that involves setting up an account where you are able to save money for emergencies.
The amount of money in that account/fund should be able to last you for 3 to 6 months and cover your living expenses.
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Experts recommend an emergency fund that covers living expenses for three to six months. This provides a safety net for unforeseen circumstances, including job loss or large, unexpected bills. (option A)
Many financial experts recommend that you should have an emergency fund that covers at least three to six months of living expenses.
This should be considered a financial cushion that can support you during unexpected events, such as job loss, major home repairs, or out-of-pocket medical bills. Having such a fund is a critical component of being financially responsible and having financial peace of mind.
It is important to ensure your emergency fund is adequate to maintain your household's basic needs such as mortgage or rent, utilities, and food.
Depending on economic conditions, longer periods of unemployment are possible, which would make a larger emergency fund of six to nine months' worth of living expenses even more desirable. A well-funded emergency savings account is an essential part of personal financial planning.
