Problemas
What is an emergency fund primarily used for? Unexpected financial emergencies Regular monthly expenses Long-term investments Entertainment purchases
Roztwór
Graciela
maestro · Tutor durante 5 años
4.7
(134 Votos)
Respuesta
'Unexpected financial emergencies'
Explicación
## Step 1An emergency fund is a financial safety net that is set aside to cover unexpected expenses. These expenses could include sudden job loss, a major unplanned expense such as a car repair, or any other financial emergency. ## Step 2The purpose of an emergency fund is not to cover regular monthly expenses, long-term investments, or entertainment purchases. These are typically planned expenses and not unexpected emergencies.## Step 3The emergency fund is meant to cover unexpected expenses that require immediate attention and cannot be delayed until regular income is received.