How much money should a couple who makes $54,000 a year have in their beginner emergency fund if they have a $3,000 credit card bill and a mortgage?

9,000 minimum emergency fund

Explanation:

The emergency fund is a portion related to the monthly expenses of the family or person.

It should be as low as 3 months and about 6 month to be safe.

It is important to notice this doens't mean the cash should be under the pillow. We can have this amount investment in a high-liquity investment if wanted.

For this couple as they have 3,000 expenses they should do an eemergency fund of at least 9,000 dollars

answer; that person may have a larger tax bill to pay on income taxes;