Emergency fund Quiz Uncategorized Emergency fund Quiz yopellc July 31, 2017 0 comments 1. I need to withdraw from my emergency fund because___ I need money for my friend’s birthday gift. My work contract is a one month hiatus. I want to enroll in graduate school courses. I have a family trip coming in two months. 2. An emergency fund consists of ___ 3 to 6 months of expenses saved in case of an emergency. 3 to 5 months of lifestyle and expenses saved in case of an emergency. 3 to 6 months of lifestyle and expenses saved in case of an emergency. 3 to 5 months of expenses saved in case of an emergency. 3. How should you prioritize your savings? Emergency fund, paying off debt, regular savings then investing. Paying off debt, emergency fund, regular savings, then investing. Emergency fund, regular savings, paying off debt then investing. Regular savings, emergency fund, paying off debt, then investing. 4. How much debt you have determines whether you need 3,4,5 or 6 months of expenses saved for your emergency fund. False True 5. If I have the money to pay the fee for the cash advance on my credit card, and I have a credit limit of over $11,000, then it’s alright to use my credit card as an emergency fund. True False Loading … Question 1 of 5
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