How much should skylar have in her emergency fund

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Question: Skylar is a 27-year-old student. She goes to class full-time and tends bar at nights and on weekends, earning about $30,000 annually. Skylar's boss has told her that the bar is not doing well and may close in a few months. She wants to finish school and go into business so she can afford to retire at age 65. Skylar is willing to work a second job to help save for her future, but she doesn't want to risk losing whatever she invests.

How much should Skylar have in her emergency fund? What kinds of investments should she make?

Reference no: EM133559924

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