Multiple Choice Flashcards
1
Q
For most people a fully funded emergency fund will be about….
A
$10,000-$15,000
2
Q
Ben an Arthur illustrate which principle of saving?
A
Compound interest
3
Q
Baby steps one and three have to do with….
A
Saving and emergency fund
4
Q
What three things should you save for
A
1) Emergency fund
2) purchases
3) wealth building
5
Q
How many baby steps are there
A
7
6
Q
Saving is about contentment and…
A
Emotion
7
Q
What 2 things are true about PAC’s
A
1) Stands for pre-authorized checking
2) Helps build discipline when saving
