saving

Tamia williams

what is the difference between savings and investing?

  • savings-income not spent on current things
  • investing- saving money for the future

what is liquidity ?

How quickly an asset could be covered into money .

what is net worth ?

amount of money left after all assets or dedications

what is a asset ?

Anything that the family owns that could be sold for money .

what is a liability ?

debt

interest and interest rate

  • interests-price of money
  • interest rate - the percentage of it .

portion of income should you save

should save 7%

how do you make savings automatic ?

through decomposition institutions