The minimum amount Beth and Bob Martin need to establish an emergency fund is $12,690.
An emergency fund can be described as an amount of money that's set aside for expenses that are not planned and can be obtained quickly in emergency situations.
To establish an emergency fund, the minimum amount should be the expenses of three months. As the monthly expenses of this couple are $4230, therefore the monthly expenses for three months can be calculated by multiplying $4230 three times, which will also be the minimum amount needed for the emergency fund.
$4230 × 3 = $12,690
Hence, $12,690 is calculated to be the minimum amount this couple needs to establish an emergency fund.
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