Savings
It is important to save because
What does ROI stand for?
Return on Investment
A budget is ______
A plan that helps you manage your money
You should try to find a savings account with a __ percent or more APY to keep up with inflation.
3
On average the S&P 500 returns _____ percent per year
10
Your total income minus your total expenses is called your net monthly ______
income
Every thursday, people in this x block recieve
Pizza
The FDIC insures bank accounts up to $_____
250,000
If Supercell, Inc, announces profits gained last quarter, what will most likely happen to its stock?
It will go up in value
You should try to spend ____ percent of your income on needs
50
Your emergency fund should equal 6 months of your _____
Needs
One benefit of a roth IRA is that
There are no withdrawal taxes (after 59.5 years old)
You should try to spend 30% or less of your income on ____-
After your emergency fund has reached the required amount, you should do this with your savings portion of your budget:
Invest in assets
If you invest $100k a year into the S&P 500 for 30 years, how much money would you expect to have at the end (based on 10% average return)
About $19 Million
You should try to spend 20% or more of your income on these two things
Investing and Savings