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  1. Ch 1 Savings - Take the First Step**When it comes to money - it is 80% behavior and 20% head knowledge!****When it comes to money - it is 80% behavior and 20% head knowledge!****When it comes to money - it is 80% behavior and 20% head knowledge!** Baby Step 1 is _______ in an emergency fund. If you make under $20K a year, put ____ in an emergency fund. _________ must become a priority. Always pay _________ first. The United States has a _______ Savings rate. Saving money is about ________ and ____________, $1,000 $500 Saving yourself negative emotion contentment

  2. 1 Timothy 6:7-10 - For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. Hebrews 13:5 - Keep your life free from the love of money, and be content with what you have. 2 Corinthians 9:10 - Now He who supplies seed to the sower and bread for food will supply and multiply your seed for sowing and increase the harvest of your righteousness;

  3. Ch 1 - Take the First Step Money is _______. You should save money for three basic reasons: __________________ __________________ __________________ amoral Emergency Fund Purchases Wealth Building

  4. Chapter 1 - Emergency Fund ___________ are going to happen. Count on it. Baby Step 1, a beginner emergency fund, is _______ in the bank (or $500 in your income is <$20k a year). Baby Step 3 is a fully funded emergency fund of 3 - 6 months of expenses. A great place to keep your emergency fund is a ___________ _________ account from a mutual fund company. Your emergency fund is not an __________. It is insurance. Emergencies $1,000 Money Market investment

  5. Chapter 1 - Emergency Fund Do not ______ this fund for purchases. The emergency fund is your ______ savings priority. Do it quickly. The second thing you save money for is ________. touch first purchases

  6. Chapter 1 - Purchases Instead of ________ to purchase, pay cash by using a ________ _____ approach. A sinking fund is saving money for a specific purpose to allow interest to work for you rather than against you. borrowing sinking fund

  7. Chapter 1 - Wealth Building The third thing you save money for is _______ ________. ________ is a key ingredient when it comes to wealth building. Building wealth is a _________, no a sprint. Pre- __________ __________(PACs) withdrawals are a good way to build discipline. _______________ is a mathematical explosion. You must start ____. Rate of return, or _______ rate, is important. wealth building Discipline marathon authorized checking Compound Interest now interest