Review Flashcardizz for Ch 3: Saving Money

Front

45% of Americans have less than $1,000 saved for a(n) _______.

Back

Emergency

Front

You'll have less freedom with your money if you . . .

Back

Are paying for things in your past

Front

When should you use your emergency fund? Options: To pay off debts, Invest in the stock market, Pay for health insurance, Save it till you have an emergeny

Back

Save it till you have an emergeny

Front

The first step you should take when you want to make a large purchase is . . .

Back

Find out how much the item costs and how much time you have to save

Front

When should you start investing money?

Back

All of these responses

Front

What is interest?

Back

money paid by someone to use someone else's money

Front

It's not IF an emergency will happen, but _______.

Back

When

Front

What is the best way to save money?

Back

Live on less than you make

Front

The only place you should keep your emergency fund money is...

Back

In a savings account

Front

What is the best way to pay for a car? Options: Take out an auto loan, save the equivalent of a car payment each month for a year or two, Use a credit card, Use a line of credit

Back

save the equivalent of a car payment each month for a year or two