MM Ch 1 and 2 Test T/F

Match it! Select the correct answer from the pull down...Good luck!

Most Americans today are wealthy and have financial security when they retire

Having debt keeps you from building wealth

When it comes to saving money, the amount you save is determined by hose much you have left at the end of the month once all of your spending is done

A fully funded emergency fund is 3-6 months of expenses

When developing a personal financial plan, of the first things you should do is assess your current financial situation

Your emergency fund should be kept in the same place as your spending money

True financial security is achieved when your money beings to generate an income, your money starts working for you

Your income level greatly affects your saving habits