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In SaveUp, 13-year-olds are able to choose self-paced courses that equip them with skills they will need as informed consumers. It prompts them to start saving earlier. Here we are providing correct answers on Everfi SaveUp modules.
Savings is a broad term for any amount of your personal money that you save and don’t spend right away.
Wants are things that are nice to have but you don’t need. Wants are usually things you do for fun.
Needs are things you can’t live without because you use them for school, personal care, or to stay alive.
A budget is a plan for using your money over a set period of time. It helps you keep track of what you earn, spend, and save
A financial emergency is something that costs you money when you’re not expecting it.
Emergency savings is money you save to cover unexpected events like financial emergencies.
Short-term savings goals take a shorter time to achieve, usually just a few weeks or months.
Mid-term savings goals may take anywhere from a few months to a year to achieve.
Long-term savings goals usually take a year or more to achieve; sometimes many years.
An account at a financial institution that gains interest and allows withdrawals.
Money that a financial institution pays you to borrow your money.
The amount of money you put in your savings account at any one time.
The amount of money borrowed.
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