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Drag each dle to the correct location
Identify the type of savings find that is best suited for each situation
saving for an upcoming vacation
paying for a hospitalization not covered
by health insurance
SE
saving for a down payment
paying ueries and mortgage payments
after a job loss
paying for a major planned expense
paying for a major unplanned expense
Sinking Fund
Emergency Fund

Respuesta :

Emergency fund refers to the money that is kept aside for a unexpected expense .Something that you  haven't planned for, such as medical emergencies ,job loss ,car repair etc.

Step-by-step explanation:

Emergency fund refers to the money that is kept aside for a unexpected expense .Something that you  haven't planned for, such as medical emergencies ,job loss ,car repair etc.

Sinking Fund refers to the money that you have kept aside for expected events or Planned expense

1) Saving for an upcoming vacation -Sinking Funds

2) Paying for a hospitalization not covered  by health insurance -Emergency Funds

3)Saving for a down payment: Sinking Funds

4)Paying ueries and mortgage payments  after a job loss-Emergency Funds

5) Paying for a major planned expense -Sinking Funds

6) Paying for a major unplanned expense-Emergency Funds

Parrain

The proper classification for the savings between savings and emergency funds given are:

Savings funds:

  • Saving for an upcoming vacation.
  • Saving for a down payment.
  • Paying for a major planned expense.

Emergency funds:

  • Paying for a hospitalization not covered by health insurance.
  • Paying queries and mortgage payments after a job loss.
  • Paying for a major unplanned expense.

What is the difference between a savings fund and an emergency fund?

Savings funds are savings that are done in anticipation of a future event such as making a down payment on a house or going on vacation.

Emergency funds on the other hand, are not saved for any specific events, but rather are held to pay for emergencies such as hospitalization or major unplanned expenses.

Find out more on emergency funds at https://brainly.com/question/13420184.

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