Unit 4(3) Review
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+5
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the recommended amount to have saved in an emergency fund according to personal finance experts?
Back
3-6 months of expenses.
2.
FLASHCARD QUESTION
Front
What does it mean to 'invest in yourself first' in personal finance?
Back
It means to set aside part of every paycheck for savings before spending.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
3.
FLASHCARD QUESTION
Front
Order the following types of accounts by their typical interest rate from lowest to highest: Checking, Savings, Money Market, CD.
Back
Checking, Savings, Money Market, CD.
Tags
CCSS.6.RP.A.3A
4.
FLASHCARD QUESTION
Front
What are 529 plans primarily used for?
Back
Education expenses.
5.
FLASHCARD QUESTION
Front
What can Health Savings Accounts (HSAs) be used for?
Back
Health expenses.
6.
FLASHCARD QUESTION
Front
What are two effective strategies for saving $5000 before heading to college?
Back
Control impulse spending and break your goal into smaller time frames.
7.
FLASHCARD QUESTION
Front
Why is it important to have an emergency fund?
Back
To cover unexpected expenses and avoid debt.
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