WorksheetsSavings Strategies Review
Total questions: 3
Worksheet time: 2mins
Name
Class
Date
1.
Keon receives a $1,000 paycheck. According to the 50/30/20 rule, how much should he put aside for saving?
a)
$100
b)
$200
c)
$500
d)
$1,000
2.
What is a major benefit of the Pay Yourself First strategy?
a)
It helps you budget all of your income for the month
b)
It encourages you to prioritize saving money
c)
It is a good way to build credit
d)
It generates additional income to cover essential expenses
3.
How much money should you try to save in your emergency fund?
a)
3-6 days worth of expenses
b)
3-6 weeks worth of expenses
c)
3-6 months worth of expenses
d)
3-6 years worth of expenses
100 %
