CHAPTER 3 SAVING MONEY EXAM COMPLETE QUESTIONS AND
ANSWERS GRADED A+
◉ In American nearly 8 out of 10 families live in which way?
Answer: Paycheck to Paycheck
◉ What kind of emergency will you have at some point in your life?
Answer: Financial
◉ What percentage of Americans have 0.00$ saved?
Answer: 14%
◉ What percentage of Americans cant cover a $400.00 financial emergency without going into debt.
, Answer: 36%
◉ You have to ________ to make saving a priority now and then continue to develop the _______
Answer: Choose / Habit
◉ What is the first reason to save money?
Answer: Build your emergency fund
◉ What is the second reason to save money?
Answer: To save for large purchases
◉ What is the third reason to save money?
Answer: To build wealth
◉ Should you start saving when you are young, middle aged or older?
ANSWERS GRADED A+
◉ In American nearly 8 out of 10 families live in which way?
Answer: Paycheck to Paycheck
◉ What kind of emergency will you have at some point in your life?
Answer: Financial
◉ What percentage of Americans have 0.00$ saved?
Answer: 14%
◉ What percentage of Americans cant cover a $400.00 financial emergency without going into debt.
, Answer: 36%
◉ You have to ________ to make saving a priority now and then continue to develop the _______
Answer: Choose / Habit
◉ What is the first reason to save money?
Answer: Build your emergency fund
◉ What is the second reason to save money?
Answer: To save for large purchases
◉ What is the third reason to save money?
Answer: To build wealth
◉ Should you start saving when you are young, middle aged or older?