Personal Finance Chapter 3 Saving Money

The only place you should keep your emergency fund money is ....

The first step you should take when you want to make a large purchase is _______.

When you do make a purchase but later wish you hadn't done so, you experience....

An investment's _____ is its percentage gain or loss over time.

Why do some accounts, like savings accounts at your local bank earn interest?

What percentage of Americans have saved $0 for retirement?

75% of Americans have $0 saved.

One out of every three Americans experienced a job loss or income disruption during the COVID-19 pandemic.

The interest rate on a savings account determines...

If people saved the equivalent of a car payment each month for a year or two, they could buy a car with cash.

If you really want to save money, you've got to...

Interest that you pay is a penalty. Interest that you earn is a ____.

The best way to build wealth is to start investing early. You should start investing money.....

The initial amount of money you deposit or invest is called the _____.

Total U.S. Auto Loan Debt at the start of 2020 was ____.

In the Five Foundations, what is the Third Foundation?

Rate of Return is a phrase used to describe what aspect of investing?

Which of the following would be considered an emergency fund expense?

The ____ deals (such as 90 days same as cash) are often used to get you to buy higher priced items.

Of teens (16-19) who work, their median wage is $____ per week.

The purpose of an emergency fund is to have enough cash on hand to cover an unexpected expense.

What two elements do you need to build wealth through compound growth?

It's not IF an emergency will happen, but ____.

Debt is a tool used to make you wealthy.

You save for a ______ when don't have the cash to buy it now.

The ___ refers to the earning potential of money

Which of the following questions help you determine if something is actually an emergency expense?

47 % of Americans have less than $1000 saved for a(n) ________.

35% of millionaires said they live on less than they make