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Essay heading: FInancial Planning
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Business |
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| Date added: |
August 4, 2003 |
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2 / 460 |
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This money should be deposited in a savings account paying the highest available interest rate or in a money market mutual fund that provides immediate access to cash if needed. It is also advisable for them to put away 3 to 9 months’ living expenses in their savings account (Hughes, 2004). For example, if the Marcottes’ total monthly expenses are $3000, before they can begin investing, they must save at least $9000 in their savings account or other near-cash investments to meet emergencies... displayed 300 characters
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For example, if the Marcottes’ total monthly expenses are $3000, before they can begin investing, they must save at least $9000 in their savings account or other near-cash investments to meet emergencies.
The Marcottes may also want to establish a line of credit at a commercial bank, savings and loan association, credit union, or credit card company... displayed next 300 characters
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