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Pers Fin ch 10

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Question
Answer
Social Security Payments will not provide sufficient supports for _____________?   Retirement  
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Why should you save?   For future needs both expected and unexpected  
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What are emergencies, vacations, and social events examples of?   Short-term goals  
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What are the four types of long-term goals?   Home ownership, education, retirement, and investment  
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How quickly you can turn savings into cash when you want it is called _____________?   Liquidity  
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When looking for a savings plan you want what four things?   High liquidity, safety, convenience, and high IEP  
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What does IEP stand for?   Interest Earning Potential  
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