SAVING AND INVESTING

1) what is 50:30:20 rule of managing your money

• 50%=needs

  30%=wants

  20%=savings

• 50%=savings

  30%=needs

  20%=wants

• 50%=wants

  30%=savings

  20%=needs

• 50%=needs

  30%=savings

  20%=wants

2) Keeping aside a portion of your money is called ________

3) THERE ARE THREE TYPES OF SAVINGS- EMERGENCY,SHORT TERM, FUN SAVINGS?

• TRUE

• FALSE

4) HOW MANY INSTRUMENTS OF INVESTING DID WE TALK ABOUT?

• 5

• 4

• 6

• 3

5) TELL ONE OF THE TYPES OF INVESTING

6) TWO CORRECT ANSWERS :

IT IS REALLY IMPORTANT TO _____ YOUR MONEY

• SPEND

• SAVE

• WASTE

• INVEST