Saving with a Purpose: Financial Literacy Flashcard

Front

What does it mean to save money?

Back

Set aside money for emergencies or goals

Front

What makes saving money easier? Guessing your expenses, Spending first, saving later, Having a clear goal or plan, Ignoring your budget

Back

Having a clear goal or plan

Front

True or False: You need a lot of money to start saving.

Back

False

Front

True or False: It is okay to save just a little bit at a time.

Back

True

Front

If you want to save $100 in 4 months, how much should you save each month?

Back

$25

Front

What is stopping you from saving money?

Back

I don’t make enough money each month to save any, I don’t know how to save, I don’t have anything to save for, I have surprise costs or emergencies that make it hard to save.