Match the following

• Interest rate

• Seeks to maintain a stable share price & to earn income by investing in interest-bearing instruments with short term maturities

• Sinking Fund

• Saving money for a specific purpose to allow interest to work for you rather than against you

• Compound interest

• 3-6 months of expenses in readily available cash to be used in an emergency

• Money market mutual fund

• Percentage paid to a lender for the use of borrowed money

• Emergency fund

• Interest paid on interest previously earned

Tags

CCSS.5.NBT.A.2

What is baby step number one

• save $1000 cash as a starter emergency fund

• 3-6 months of expenses in savings

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number two

• save $1000 cash as a starter emergency fund

• 3-6 months of expenses in savings

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number three

• save $1000 cash as a starter emergency fund

• 3-6 months of expenses in savings

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number four

• save $1000 cash as a starter emergency fund

• 3-6 months of expenses in savings

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number five

• save $1000 cash as a starter emergency fund

• 3-6 months of expenses in savings

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number six

• Pay off your home early

• Build wealth and give

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

What is baby step number seven

• Pay off your home early

• Build wealth and give

• Pay off all debt except the house utilizing the debt snowball

• invest 15% of your household income into Roth IRAs and pre-tax retirement plans

• College funding for your kids

Baby step 1 is ​​ (a)   in an emergency fund (if you make less than $20,000 per year in your household, put ​​ (b)     in an emergency fund). ​ ​ (c)     must become a priority. Decide to pay ​​ (d)     first.

• $1000
• $500
• Saving
• yourself
• Planning
• Principled
• $1500
• $2000
• The smallest debt

Money is amoral

• True

• False

Tags

CCSS.RL.2.6

CCSS.RL.8.3