Level 4. Emergency and Sinking Funds

Présentation

Parties jouées 0

Créer une copie

À propos de cette activité

Learn the difference between emergency funnds and sinking funds and also where to keep them!

Créé par

United States

Téléchargez la version pour jouer sur papier

Top 10 résultats

Il n'y a toujours pas de résultats pour ce jeu. Soyez le premier à apparaître dans le classement! Connectez-vous pour vous identifier.

Créez votre propre jeu gratuite à partir de notre créateur de jeu

Affrontez vos amis pour voir qui obtient le meilleur score dans ce jeu

Créer un défi


Level 4. Emergency and Sinking FundsVersion en ligne Learn the difference between emergency funnds and sinking funds and also where to keep them! par WM 1 Emergency or Not? Making the Right Money Decisions Not all savings are the same Some are used for unexpected expenses Some are used for planned expenses Some are used for optional expenses Knowing the difference helps you decide when to use your savings and which type to use 2 When to Use an Emergency Fund There are only 3 reasons when an emergency fund should be used: Unexpected expense Necessary expense Urgent expense Examples: Car breaks down on a road trip Trip to the E.R. after a broken bone Fired/let go from a job 3 When to Use a Sinking Fund There are several reasons a sinking fund might be used: Expected expense Goals Not urgent Examples: Family vacation New car Phone repair for a cracked screen 4 Where to Keep These Savings These funds can be stored in either a traditional savings account, a HYSA, or a combination of both. Here are a few strategies: Emergency Fund If you have more than $1,000 in emergency fund savings, keep 75% in a HYSA and 25% in a traditional savings account (for quick access and convienience). If you have less than $1,000, keep it all in a traditional savings account Sinking Fund If you need frequent or quick access to your savings, keep it in a traditional account If the planned expense or goal is more than a few months away or you want to let your money sit and grow, keep it in a HYSA 5 Key Takeaway Not EVERY expense is an emergency PLAN ahead with sinking funds PROTECT yourself with emergency funds Let the funds GROW over time in a HYSA

Level 4. Emergency and Sinking FundsVersion en ligne

Learn the difference between emergency funnds and sinking funds and also where to keep them!

par WM

Emergency or Not? Making the Right Money Decisions

Not all savings are the same

Some are used for unexpected expenses
Some are used for planned expenses
Some are used for optional expenses

Knowing the difference helps you decide when to use your savings and which type to use

When to Use an Emergency Fund

There are only 3 reasons when an emergency fund should be used:

Unexpected expense
Necessary expense
Urgent expense

Examples:

Car breaks down on a road trip
Trip to the E.R. after a broken bone
Fired/let go from a job

When to Use a Sinking Fund

There are several reasons a sinking fund might be used:

Expected expense
Goals
Not urgent

Examples:

Family vacation
New car
Phone repair for a cracked screen

Where to Keep These Savings

These funds can be stored in either a traditional savings account, a HYSA, or a combination of both. Here are a few strategies:

Emergency Fund

If you have more than $1,000 in emergency fund savings, keep 75% in a HYSA and 25% in a traditional savings account (for quick access and convienience).
If you have less than $1,000, keep it all in a traditional savings account

Sinking Fund

If you need frequent or quick access to your savings, keep it in a traditional account
If the planned expense or goal is more than a few months away or you want to let your money sit and grow, keep it in a HYSA

Key Takeaway

Not EVERY expense is an emergency
PLAN ahead with sinking funds
PROTECT yourself with emergency funds
Let the funds GROW over time in a HYSA

Vous pouvez intégrer le jeu dans un LMS compatible avec LTI 1.1 ou LTI 1.3 comme Canvas, Moodle ou Blackboard. Les scores seront ainsi automatiquement enregistrés dans le carnet de notes de la plateforme.

Level 4. Emergency and Sinking Funds

Présentation

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

Présentation

Exploring Leadership Styles: A Comprehensive Overview

Présentation

CLAS Standards

Présentation

Numbers from 1 to 100

Présentation

Subjects and Predicates

Présentation

Introduction to Wound Care Lecture

Level 4. Emergency and Sinking FundsVersion en ligne

par WM

Emergency or Not? Making the Right Money Decisions

When to Use an Emergency Fund

When to Use a Sinking Fund

Where to Keep These Savings

Key Takeaway

		%
	Anonyme	%
		%
		%