2.6 EXIT TICKET- Challenges to Saving Exit Ticket

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1. When developing a savings plan, which is TRUE about saving and inflation?

• In order to avoid losing purchasing power over time, the rate of return for savings accounts should be at least as high as the rate of inflation
• In order to avoid losing purchasing power over time, the rate of return for savings accounts should be lower than the rate of inflation
• To maximize saving, the rate of return for savings accounts should be exactly equal to the rate of inflation
• There is no relationship between saving and inflation

2. What does it mean to live paycheck to paycheck?

• Saving a portion of your paycheck for emergencies
• Having multiple sources of income to cover expenses
• Struggling to cover your financial needs with each paycheck
• Enjoying a comfortable lifestyle without worrying about money

3. How can credit cards make it more challenging to save?

• Many banks will not let you open a savings account when you have a credit card
• You will be charged a fee for every credit card transaction
• Retailers mark up purchases if you use a credit card
• Credit cards make it easier to spend money