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If your monthly expenses were $3,000, your fully funded emergency fund should be
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
At your age, a fully funded emergency fund should be
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
How much money would your savings balance be after one year if you have $1000 earning 2% intrest
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
The saving habits of Ben and Arthur mentioned in Ch 2 best illustrate which principle of saving?
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
Instead of borrowing money for purchases, you should set money aside in a ___ over time and pay with cash
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
Which of the following is not one of the 3 basic reasons for saving money?
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
Using the sinking fund, how much do you have to save each month to buy a $2500 TV in 6 months?
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
Which of the following is a reason that people don't save money?
$1020
$416.66
vacations
$9000-$18000
all of these
sinking fund
$500
both initial investment and length of time are important
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