Vocab 1 Matching Flashcards
1
Q
Saving money for a purchase and letting the interest work for you rather than against you
A
Sinking fund
2
Q
Money is neither good nor bad
A
A moral
3
Q
Emergency fund goes here
A
Money market
4
Q
Interest on interest
A
Compound interest
5
Q
If it can go wrong, it will; Unexpected events
A
Murphy’s law
6
Q
Baby step one
A
$500-$1000 in an emergency fund
7
Q
Baby steps three
A
3 to 6 months of expenses
8
Q
Key to wealth building
A
Discipline
