CHAPTER 3 SAVING MONEY EXAM ACTUAL SCRIPT WITH 100
PERCENT CORRECT ANSWERS
◉ past
Answer: You'll have less freedom with your money if you pay for things in your _________.
◉ Save it until you have an emergency
Answer: Once you have a $500 emergency fund, you should ________________.
◉ Decide how much you'll need to save and the time frame you want to save it in
Answer: The first step you should take when you want to make a large purchase is ___________________ .
, ◉ Once you're out of college, living debt-free, and have 3-6 months of living expenses saved
Answer: The best way to build wealth is to start investing early. You should start investing money
_________________.
◉ Because the bank pays you to use your money
Answer: Why do some accounts, like savings accounts at your local bank, earn interest?
◉ when
Answer: It's not IF an emergency will happen, but _____________.
◉ . Live on less than you make
Answer: If you really want to save money, you've got to ______________.
◉ A savings account or money market account
Answer: The only place you should keep your emergency fund money is _______________.
PERCENT CORRECT ANSWERS
◉ past
Answer: You'll have less freedom with your money if you pay for things in your _________.
◉ Save it until you have an emergency
Answer: Once you have a $500 emergency fund, you should ________________.
◉ Decide how much you'll need to save and the time frame you want to save it in
Answer: The first step you should take when you want to make a large purchase is ___________________ .
, ◉ Once you're out of college, living debt-free, and have 3-6 months of living expenses saved
Answer: The best way to build wealth is to start investing early. You should start investing money
_________________.
◉ Because the bank pays you to use your money
Answer: Why do some accounts, like savings accounts at your local bank, earn interest?
◉ when
Answer: It's not IF an emergency will happen, but _____________.
◉ . Live on less than you make
Answer: If you really want to save money, you've got to ______________.
◉ A savings account or money market account
Answer: The only place you should keep your emergency fund money is _______________.
