Section 1 - Instruction

Let's do a quick recap. An emergency fund is for unexpected, essential expenses, and it's built by saving 3-6 months of your core living costs.

This practice session will help you master identifying what counts and how to calculate your goals.

Engagement Message

Are you ready to test your knowledge?

Section 2 - Practice

Type

Swipe Left or Right

Practice Question

Let's practice identifying essential vs. non-essential expenses for an emergency fund calculation. Swipe left for essential and right for non-essential.

Labels

  • Left Label: Essential
  • Right Label: Non-Essential

Left Label Items

  • Monthly rent payment
  • Basic utilities (water, electric)
  • Minimum payment on a car loan
  • Groceries for home cooking

Right Label Items

  • Subscription to a streaming service
  • Weekly dinner at a restaurant
  • Tickets to a concert
  • New video game purchase
Section 3 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Let's calculate an emergency fund goal. Alex has the following monthly essential expenses:

  • Mortgage: $1,300
  • Groceries: $350
  • Utilities: $200
  • Car Insurance: $100

His total monthly essentials are [[blank:1,950]].Fora3−mo5,850]].

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