ECONOMICS
SAVING AND INVESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A savings account
|
|
|
A money market account
|
|
|
A CD
|
|
|
All of these are ways to save money
|
Detailed explanation-1: -Eliminate Your Debt. Set Savings Goals. Pay Yourself First. Stop Smoking. Take a “Staycation” Spend to Save. Utility Savings. Pack Your Lunch. More items
Detailed explanation-2: -Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.
Detailed explanation-3: -Pay attention to sale cycles. DIY cleaners. Use cash-back services. Get free stuff. Buy nothing new. Make things. Family fun on the cheap. Adjust thermostat settings. More items •10-Feb-2023
Detailed explanation-4: -Be specific with how much you want to save. From the start, set an amount that you want to have saved by next year. Answer the big question of how you are going to save money. Set mini-monthly goals. Figure out where to put the new funds. Stay strong and track your progress.
Detailed explanation-5: -High-yield savings accounts. Series I savings bonds. Short-term certificates of deposit. Money market funds. Treasury bills, notes, bonds and TIPS. Corporate bonds. Dividend-paying stocks. Preferred stocks. More items •01-Mar-2023