drag each tile to the correct box. which type of savings fund is best suited to each situation? emergency…
drag each tile to the correct box. which type of savings fund is best suited to each situation? emergency fund sinking fund rainy - day fund down payment for home purchase minor home repairs major, unexpected medical expense reset next
Answer
Brief Explanations:
An emergency fund is for major, unexpected expenses like major medical costs. A rainy - day fund is for minor, unplanned expenses such as minor home repairs. A sinking fund is for planned large - scale expenses like a down payment for a home purchase.
Answer:
down payment for home purchase → sinking fund minor home repairs → rainy - day fund major, unexpected medical expense → emergency fund