Personal Finances Answers

Each of the following is a tip for saving EXCEPT:

Referring to the investment pyramid above, explain what investments would be a wise starting point for the new investor.

Based on the diagram above, which investment involves the greatest degree of risk?

Money committed to something that is expected to produce a financial profit is a(n) __________.

Describe what needs to be considered when setting up an estimated budget.

Long-term goals require __________ money and __________ effort than short-term goals.

Describe the factors that need to be considered before making an investment.

Explain why it is important to save.

Explain the difference between simple interest and compound interest.

Describe the differences between saving money at home and in a bank.