the rate of increase in prices over a given period of time.
Living Paycheck to Paycheck
inflation
FOMO
All of the following are challenges to saving EXCEPT
Credit Cards
Paying Yourself First
Social Media
Impulse Buying
You should keep your emergency fund in your checking account
TRUE
FALSE
What is a good approximate amount to have in your emergency fund?
3-6 years of savings
3-6 months of savings
3-6 days of savings
3-6 weeks of savings
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.
Cashless Bias
Inflation
FOMO
Which of these is a good reason to tap into your emergency fund?
buying books for college
$500 deductible after a car accident
paying your cell phone bill
common term for those who don't have enough money to pay for future expenses until their next paycheck arrives
Living Paycheck to Paycheck
Cashless Bias
FOMO
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.
TRUE
FALSE