Emergency Fund 5-3 2-25 - If she is hurt or disabled and...

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Greg Stoker February 25, 2008 Professor Linck FNPL-101 Emergency Fund Pam Johannsen should have an emergency fund of $2,400 to $9,600 depending on how many months she wants to prepare for in case of an emergency. A safe bet is to have about four months worth of emergency funds, or $4,800. Pam should consider what types of emergencies that she needs to plan for.
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Unformatted text preview: If she is hurt or disabled and cannot work for a period of time, she will need adequate funds to cover her monthly expenses of $1,200. She should also consider the opportunity cost of setting aside a large liquid asset that could be earning interest in a different account....
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This homework help was uploaded on 04/18/2008 for the course FNPL 101 taught by Professor Linck during the Spring '07 term at Howard County Community College.

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