Elaine is a young, healthy and single; a fresh graduate who has started a new job with

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Elaine is a young, healthy and single; a fresh graduate who has started a new job with a $32,000 annual salary. She has approximately $500 left at the end of each month after covering budgetary needs.

a. How many months will it take to build her emergency fund?

b. After her emergency fund is established, how should she start allocating her $500/month?

1. If she has a low risk tolerance?

2. If she has a medium risk tolerance?

3. If she has a high-risk tolerance?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 09:52 AM

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Elaine is a young, healthy and single; a fresh graduate who has started a new job with

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a Emergency fund of 6 months 16000 savings at 500 a month 32 months Emergency fund of 9 month...View the full answer

Personal Finance Building Your Future

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