L1 - Saving Money Takes Discipline Saving your money isn’t easy, but if you start making it a priority in your money plan right now, it will make your financial life a lot easier in the future. 1. What causes you to have money is you ____ some of it. 2. Murphy's Law: If it can go ____, it will. 3. Saving is ____ a part of your budget. 4. In America, nearly ____ out of 10 people live paycheck-to-paycheck. 5. You will have a financial ____ at some point in your life. 6. Saving gives you the freedom to be super ____ with your money. L2 - Three Basic Reasons to Save There are three basic reasons to save money: to build an emergency fund, to pay cash for purchases, and to build wealth. 1. The first reason to save money is to build your ____ fund. 2. The second reason to save is for ____ purchases. 3. The third reason to save is for ____ building. L3 - Saving for EmergenciesA zero-based budget helps you be intentional in paying your bills and planning for spending - and it helps you reach your financial goals. 1. The First Foundation: Save a ____ emergency fund. 2. An emergency is an ____ expense. 3. Money comes from ____. 4. An emergency fund turns a crisis into an ____. L4 - Saving for Large PurchasesPlanning ahead for large purchases and saving over time means you’ll never need to go into debt to buy something. 1. Save up and pay for things with ____. 2. Avoid ____ payments for life. 3. If you invested ____ per month in mutual funds from age 25 to 65, you could have $3.6 million in a mutual fund. L5 - Building WealthWhen it comes to building wealth for the future, you need two things: money consistently invested and time for it to grow. 1. $100 ____ per month from age 25 to 65 is $1,176,000 2. ____ of Americans have less than $10,000 saved for retirement. 3. Adults devise a plan and follow it. Children do what ____ good. 4. Compound interest causes your money to ____. 5. Interest that you pay is a penalty. Interest that you earn is a ____. L6 - Compound Interest and GrownCompound interest and compound growth are two ways your money earns more money over time in a savings or investment account. 1. Everyday people can build ____. 2. You need a ____ to become a millionaire. 3. If you invest ____, you will have nothing. 4. Your money combined with interest over time creates ____ growth. 5. The secret to becoming a millionaire is to consistently ____ over time.

NOTES - C3 - Saving Money

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