ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
income
|
|
|
budget
|
|
|
savings
|
|
|
spending
|
Detailed explanation-1: -While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit. Each one starts with the same basic premise: give your money to the bank and in return the money will earn interest.
Detailed explanation-2: -Pay off debt. If you have a significant amount of debt, consider putting your extra money toward paying that down or off. Boost your emergency fund. Increase your investment contributions. Invest in yourself. Consider the timing. Go ahead and treat yourself.
Detailed explanation-3: -Higher-Yield Money Market Accounts. Certificates of Deposit. Credit Unions and Online Banks. High-Yield Checking Accounts. Peer-to-Peer (P2P) Lending Services.
Detailed explanation-4: -High-yield savings account. Certificate of deposit (CD) Money market account. Checking account. Treasury bills. Short-term bonds. Riskier options: Stocks, real estate and gold. Use a financial planner to help you decide. 27-Jun-2022