What is a good approximate amount to have in your emergency fund?
3-6 months of savings
3-6 weeks of savings
3-6 years of savings
3-6 days of savings
15
In order to not lose purchasing power over time, the rate of return for saving should be at least as high as the rate of inflation.
FALSE
TRUE
15
the human behavior of wanting to spend more because we see others around us spending more and enjoying goods and services that we think we would enjoy as well.
FOMO
Cashless Bias
Inflation
15
Which saving strategy did most people say was most effective?
Saving $150 per month
Saving $5 per day
Saving $35 per week
15
What is our coping skills of the day?
15
common term for those who don't have enough money to pay for future expenses until their next paycheck arrives
FOMO
Living Paycheck to Paycheck
Cashless Bias
15
the rate of increase in prices over a given period of time.
FOMO
inflation
Living Paycheck to Paycheck
15
All of the following are challenges to saving EXCEPT
Social Media
Paying Yourself First
Impulse Buying
Credit Cards
15
You should keep your emergency fund in your checking account
FALSE
TRUE
15
Which of these is a good reason to tap into your emergency fund?