Doesn't all this depend on many other factors?
~ What are the "financial pressures" they are facing? Large credit card debt? Large rise in housing costs? Or what?
~ How many other children do they have?
~ If there are young children in addition to Joseph, how much will they end up paying out of her salary for child care?
~ Is that $25K a gross or a net figure?
... and on and on ...
The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $66,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $25,000 to the family's annual income.
How will this change in income affect the family's emergency fund needs?
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