Choosing To Save
JENNA PECK
1. What is the difference between savings and investing?
Savings is just saving your income to spend later and investing is increasing income for the future.
2. What is liquidity? Give an example.
It is how quickly savings can be converted in to cash.An example is if an individual had an emergency.
3. What is net worth?
The amount of money left when liabilities and assets are taken out.
What portion of your income should you save?
the portion of income you should save is 10%-20%
How can you make saving automatic?
Savings can be automatic by depository instituion
Why are saving and investing important?
It is important so that you set a habit and do not go broke by not having a set plan.