How much should an emergency fund cover?(1 point)

Question

Responses

one month’s expenses
one month’s expenses

two months’ expenses
two months’ expenses

six months’ expenses
six months’ expenses

twelve months’ expenses
twelve months’ expenses

Answer 1

An emergency fund should ideally cover three to six months' expenses. However, since this option is not provided in your responses, the closest ideal answer among the choices is six months’ expenses. This amount allows for adequate financial coverage in the event of unexpected situations like job loss or medical emergencies.