Question

question 2 of 5 which of the following describes an expense that should be covered by an emergency savings? paying your monthly cell phone bill going on summer vacation with friends repairing your car after a fender bender buying clothes for the holidays

Explanation:

Emergency savings are meant for unexpected and necessary expenses. A monthly cell - phone bill is a regular expense, a summer vacation is a discretionary expense, and buying holiday clothes is also a non - essential discretionary expense. Repairing a car after a fender bender is an unexpected and necessary expense.

Answer:

C. Repairing your car after a fender bender