Section 5: Savings and Emergency Funds

1: Why is the importance of savings emphasized?

2: What is the primary purpose of building an emergency fund?

3: What does a “sinking fund” involve?

4: Which example best fits a sinking fund goal?

5: What’s a key advantage of a high-yield savings account?

6: Why is an emergency fund important before investing?

7: How should you prioritize your savings goals?

8: What’s the recommended amount for an emergency fund?

9: How does a sinking fund differ from an emergency fund?

10: How can you maximize the benefits of a high-yield savings account?