M5 MONEY Saved: L2 EMERGENCY FUND FIRST

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Last updated 9:54 PM on 7/29/26
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8 Terms

1
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Example of 'Liquid' money

Savings account.

2
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Best way to start growing an Emergency Fund

Automatic deposit into a separate account.

3
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You would NOT use your Emergency Fund for

Last-minute trip with friends.

4
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Questions to ask before using your Emergency Fund

All of the above.

5
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Your first priority for saving is an Emergency Fund

True.

6
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The first Emergency Fund savings goal is $1,000

True.

7
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The second Emergency Fund goal is three months of expenses

False — the lesson says six months of expenses.

8
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Paying yourself first is a key to money success

True.