How change in income affect the familys emergency fund needs

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Reference no: EM131175136

The Hernandez family is experiencing some financial pressures, even though the couple has a combined income of $66,000. Also, their eldest son, Joseph, will start college in only three years. Maria is contemplating going to work full time to add about $25,000 to the family's annual income.

a. How will this change in income affect the family's emergency fund needs?

Reference no: EM131175136

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