Asked by Marie
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?
How will this change in income affect the family's emergency fund needs?
Answers
Answered by
Writeacher
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 ...
~ 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 ...
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