Doughnuts & Finance

“I plan to save MVR 100,000 by saving MVR 833 per month for 10 years”. In this financial goal what element is missing?

• Specific

• Measurable

• Attainable

• Realistic

• Timebound

Saving money to buy a motorcycle is a:

• Short term savings goal

• Medium term savings goal

• Long term savings goal

Saving money to retire comfortably is a:

• Short term savings goal

• Medium term savings goal

• Long term savings goal

The best option to grow my savings for a long term goal is to:

• Store it in a piggy bank

• Deposit it in a bank account

• Invest in risk assessed instruments with an attractive return.

What is a Budget

• The amount of money you can spend

• A plan that helps you manage your income and expenses

• A place where you store your money