ECONOMICS
SAVING AND INVESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Saving for a car
|
|
|
Saving for retirement
|
|
|
Saving for college
|
|
|
Saving for a trip at graduation
|
Detailed explanation-1: -Money, cost and financial investment are the top reasons people give for not getting help. They either don’t have the funds to invest, or they do have the money, but they’re worried about the return on investment, or the lack of guarantees on the money spent, and what it will ultimately cost them to get assistance.
Detailed explanation-2: -The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.
Detailed explanation-3: -When it comes to retirement planning, it’s never too early to start saving. The more you invest and the earlier you start means your retirement savings will have that much more time and potential to grow. By investing early and staying invested, you may be able to take advantage of compound earnings.
Detailed explanation-4: -Financial independence. Financial independence gives you the ability to live without depending on others for financial support. Emergency funds. Debt Free Living. Better Retirement. Leave a legacy for loved ones. Achieve long-term financial goals. Investing. Irregular or recurring expenses. More items •15-Dec-2022