2.5 EXIT TICKET- Strategies to Save Exit Ticket

First Name

Last Name

Class Period

1. Keon receives a $1,000 paycheck. According to the 50/30/20 rule, how much should he put aside for saving?

• $100
• $200
• $500
• $1,000

2. What is a major benefit of the Pay Yourself First strategy?

• It helps you budget all of your income for the month
• It encourages you to prioritize saving money
• It is a good way to build credit
• It generates additional income to cover essential expenses

3. How much money should you try to save in your emergency fund?

• 3-6 days worth of expenses
• 3-6 weeks worth of expenses
• 3-6 months worth of expenses
• 3-6 years worth of expenses