Career & Financial Management Unit 4

Portion of income not spent on consumption.

• Saving
• Investing
• Expenses
• Liabilities

Used to pay for things like emergencies and large purchases.

• Savings
• Investments
• Expenses
• Mutual funds

Purchase of assets with the goal of increasing future income.

• Saving
• Investing
• Liabilities
• Net worth

Used to afford things like retirement. Higher education could be considered this as well.

• Saving
• Investing
• Net worth
• Liabilities

1 in 3 Americans has $____ saved for retirement

• $10,000
• $50,000
• $100,000
• $0

True or false: Investing provides the foundation for financial security

• True
• False

True or false: Your savings is meant to enhance and build your wealth.

• True
• False

Money needed to pay for the necessities and comforts currently enjoyed.

• Level of living
• Standard of living
• Income
• Expenses

Higher level of living that person wishes to reach.

• Level of living
• Standard of living
• Income
• Expenses

Which is considered LESS liquid?

• Money in your savings
• Money invested