L105- Session 5 Savings

What is the meaning of "savings"?

• give money to others

• save your money

• buy things with your money

What is the meaning of "spending"?

• save the money

• don't know what to do with the money

• buying things with the money

For which of the following should you save?

• Purchase

• For future purpose

• Emergency Fund

• All of the above

Which of these is NOT a key to saving money?

• Self-control

• making saving a habit

• Lots of Money

• Discipline

What is the better sequence?

• Get Income -> Spend money -> Save what's left over

• Get Income -> Put aside money to save -> Spend the rest