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Financial Literacy

Course: Financial Literacy > Unit 2

Lesson 3: Saving money
Life skills
Financial Literacy
Budgeting and saving
Saving money
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Emergency fund

Google Classroom
You might need: Calculator

Problem

You are building your emergency fund and are writing down your monthly expenses:
ExpenseAmount
Rentdollar sign, 1, comma, 050
Utilitiesdollar sign, 208
Car paymentdollar sign, 453
Insurancedollar sign, 85
Groceriesdollar sign, 600
Phone & internetdollar sign, 104
TOTALdollar sign, 2, comma, 500
Your goal is to have six months of expenses in your emergency fund.
How much money should you have in your emergency fund to meet your goal?
dollar sign
  • Your answer should be
  • an integer, like 6
  • a simplified proper fraction, like 3, slash, 5
  • a simplified improper fraction, like 7, slash, 4
  • a mixed number, like 1, space, 3, slash, 4
  • an exact decimal, like 0, point, 75
  • a multiple of pi, like 12, space, start text, p, i, end text or 2, slash, 3, space, start text, p, i, end text
Stuck?
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