Steve's monthly income (after taxes) is $3,500. His monthly expenses are $1,300. After a few months of working, he has $10,000 in his checking account. He would like to set up an emergency fund because the company he works for is a start up and may not be stable. Based on what we learned in class, how much of that $10,000 should he keep in his checking and how much should he put elsewhere? Which of the below options BEST adheres to the guidelines we learned in class? Keep $2,500 in checking account, $2,500 in savings account for emergency fund, invest the remainder in something long term, like stock market. Keep $2,500 in checking account, $5,900 in savings account for emergency fund, invest the remainder in something long term, like the stock market. Keep $2,700 in checking account, open up a $2,600CD account, invest the remainder in long term government bonds. Keep $1.000 in checking account, $2,500 in a savings account for emergency fund, invest remainder in something long-term