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Using the sinking fund approach, how much do you have to save to buy a $5,000 car next year?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
Even though a savings account is fine when you are just beginning to save, why is a money market a better place to keep your emergency fund?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
How much money should you have in your emergency fund if you are working on Baby Step 2 (pay off all debt)?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
Which is the correct order of priorities for your money?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
If you invest $1,000 at 12% interest, how much money will be in the account after two years, compounded annually?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
TThe first thing you should save for is your retirement fund.
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
Which statement is true?
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
Pre-authorized checking helps to build discipline in saving.
$1,254.40
All of the above
$416.66 a month into savings
$500 or $1,000, depending on your current income
When you pay with cash, you can almost always negotiate a better deal.
False
True
Save, pay bills, give
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