medium · Certified Financial Planner General Principles
The Crowe household has monthly fixed expenses of 6,000 and variable expenses of2,000. One spouse is a tenured professor and the other is a self-employed consultant.
According to the standard guidelines, what is the appropriate range for their emergency reserve?
- 48,000 to 96,000
- 8,000
- 24,000 to 48,000
- 18,000 to 36,000
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