Which is an appropriate use of money in an emergency fund?(1 point) Responses buying a brand new car buying a brand new car replacing the furnace in July replacing the furnace in July replacing the furnace in January replacing the furnace in January painting the house
Replacing the furnace in January is an appropriate use of money in an emergency fund.
The appropriate use of money in an emergency fund would be replacing the furnace in either July or January.
An appropriate use of money in an emergency fund is replacing the furnace in January.
To determine the appropriate use of money in an emergency fund, consider the purpose of having an emergency fund in the first place, which is to cover unexpected expenses that arise during emergencies or unforeseen circumstances.
In this case, replacing the furnace in January can be considered an appropriate use of the emergency fund because it addresses a necessary and urgent need. When a furnace breaks down in the middle of winter, it can create a hazardous situation, risk freezing pipes, and lead to discomfort and health issues. Therefore, using the emergency fund to replace the furnace in January can ensure the safety and well-being of the household during a critical time.