Part of the Getting Started Stage Is to Begin Saving

question 61

Multiple Choice

Part of the getting started stage is to begin saving for your goals. What are the critical steps to doing so?

• A) Make savings automatic ‑pay yourself first.
• B) Control your spending ‑live within your means.
• C) Catching your matches ‑take advantage of any employer contributions
• D) All of the above are correct.
• E) Only A and C are correct.

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Definitions:

Actual Survival

The real, physical continuation of life or existence, especially under adverse conditions.

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that prioritizes human needs from the most basic physical needs to higher-level psychological needs and self-fulfillment.

Physiological Needs

Basic physical requirements necessary for human survival, such as food, water, and shelter.

Friendship

A mutual bond between people, characterized by affection, trust, and support, not based on kinship.