Review Questions
|
|
First
Things First
A.
A financial plan consists of two parts:
·
___________________ __________________
·
___________________ __________________
1. A
Strong Financial Foundation
Your
first goal is to start _________________ money and stop living
_____________ to ________________.
2. A Strong Financial Future
Your second goal is to pay ___________ for all major purchases and to save for ____________ income needs.
B.
How
do you save money?
You
MUST:
_____________ your lifestyle
and or
C. What to do with the money you save?
The
first three steps (one
at a time):
1.
________________ reserve
2.
________________ elimination
3.
________________ fund
The last two steps (start simultaneously):
4.
________________ purchases
5.
___________
__________
savings
