When starting a savings plan:
A) Have at least five months' income saved for emergencies
B) Wait until you have acquired your career job
C) Save only in months where you have extra income
D) All of the above
E) None of the above.

Question

Quizplus · Accepted Answer

It is important to have at least five months' income saved for emergencies before starting a savings plan. This ensures that unexpected expenses or job loss can be handled without dipping into savings that were initially planned for other purposes.

When Starting a Savings Plan