Retirement Savings and Interest Rates

Front

The best time to start saving for your retirement is

Back

As early as possible and as soon as you graduate and have your first full-time job

Front

Which has a better interest rate? Regular Savings account, Checking Account or a Certificate of Deposit

Back

Certificate of Deposit

Front

Saving

Back

Setting aside income for a period of time so that it can be used later.

Front

Historically, Savings account earn __________ interest rates than the stock market.

Back

Lower

Front

Rule of 72

Back

The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest.

Front

Most Americans do NOT have enough __________ saved for retirement or an emergency fund.

Back

Money

Front

Impulse shopping

Back

The buying of goods without planning to do so in advance, as a result of a sudden whim or impulse.

Front

What is meant by "keeping up with the Joneses"

Back

Striving to achieve or own as much as the people around you.

Front

Living paycheck to paycheck

Back

Using most or all of your monthly income to cover your monthly expenses.

Front

Compound interest

Back

Interest earned on both the principal amount and any interest already earned.