You should save $____ for an emergency fund.

• $1,000

• $500

• $600

• $400

You should save money for: emergency funds, purchases, and building wealth.

• True

• False

The five steps to financial success. . .

• The Five Compliments

• The Five Freedom Steps

• The Five Foundations

• The Five Money Saving Steps

What is the third foundation?

• Pay cash for your car

• Pay money for TV

• Pay for your groceries

• Pay cash for college

What is the second foundation?

• Get out of jail

• Get/ stay out of debt

• Get a loan

• Start a bank account

What is an example of when you can use the $500 emergency fund?

• Car broke down

• Groceries

• Your friend needs $50

• Fortnite

What is the fifth foundation?

• Save up for retirement

• Spend and be greedy

• Get a job

• Build wealth and give

Which of the following is a way that giving to others can benefit you?

• Giving can help  you build  relationships

• Giving to others  can give you a  sense of purpose  and fulfillment

• Sacrificing your  money, time, and  talents creates a  legacy

• All of the above

The Five Foundations:

• Are optional steps for basic money  management

• Are a way of  establishing a high 

  credit rating

• Are the beginner  steps for  establishing and  maintaining  financial peace

• Are unnecessary since most  Americans are  naturally good  money managers

If you commit to following the Five Foundations, you will have more  money to give to others

• True

• False