WorksheetsChallenges to Savings Exit Slip
Total questions: 3
Worksheet time: 2mins
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
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
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
