The Basics
What is the exact dollar amount of "The First Foundation" for high school students?
500
What are the 3 questions you should ask before spending your emergency fund?
Is it unexpected? Is it necessary? Is it urgent?
Finish the quote: "An emergency fund turns a crisis into an _________."
Inconvenience.
How many months of living expenses should a fully-funded adult emergency fund cover?
3 to 6 months
True or False: Saving up for Christmas gifts is a great use for your emergency fund.
False
What percentage of Americans reported they would be unable to cover a $400 emergency with cash?
39%
Where is the best place to keep your emergency fund?
In a separate savings or money market account (away from your checking account).
Your phone screen completely dies and won't turn on, and you need it to contact your parents.Is buying an affordable replacement phone considered an emergency?
Yes
What is your very first goal after you have to spend money out of your emergency fund?
Rebuild/replace the $500 as quickly as possible.