brenden wants to set aside money for times when he may be without work due to illness or layoffs. which…

brenden wants to set aside money for times when he may be without work due to illness or layoffs. which method would be best?\ncollege savings account for his daughters\nchecking account\npersonal savings account\nhome equity line of credit

brenden wants to set aside money for times when he may be without work due to illness or layoffs. which method would be best?\ncollege savings account for his daughters\nchecking account\npersonal savings account\nhome equity line of credit

Answer

Brief Explanations:

A personal savings account is ideal for setting aside money for personal emergencies like illness - related absences or layoffs. A college savings account is for educational purposes, a checking account is mainly for day - to - day transactions, and a home equity line of credit involves using home equity as collateral which is not a simple way to save for personal emergencies.

Answer:

personal savings account