Step 4 of 4
Money Check!
Test what you learned in Chapter 4.
5 questions
Pick an answer to start
1. Which is the best use of your emergency fund?
2. Your essential monthly expenses are ₱18,000. How much is a 3-month emergency fund?
3. You're an OFW, and your family's essential expenses are ₱20,000 a month. What's a safer emergency fund target?
4. True or false: Your emergency fund should go wherever the interest is highest, even if you can't withdraw it right away.
5. Your emergency fund has reached its 6-month goal, and you can still save ₱5,000 a month. What's the smartest move?
“Prepare the umbrella before it rains.”