How much should an emergency fund cover?(1 point) Responses one month’s expenses one month’s expenses two months’ expenses two months’ expenses six months’ expenses six months’ expenses twelve months’ expenses

Answer 1

An emergency fund should ideally cover three to six months’ expenses. This range provides a financial buffer to help you manage unexpected expenses or loss of income without incurring debt. Among the options provided, six months’ expenses is a strong recommendation for a well-rounded emergency fund.