Bob, who is 35, earns $55,000 annually. His expenses each month are $2,000. He also has a moderate risk appetite, which implies he appreciates the stability of his investments while being open to the potential for higher earnings. Within the next five years, saving for a down payment on a house is one of his key financial objectives.

• How much that person should have saved in their emergency fund.
• Based on your character's risk appetite, age, and how badly they want to achieve their financial goals, what kinds of investments they should make.