Question

For which of the following should you save?

A) Purchases

B) Wealth Building

C) Emergency fund

D) All of the above


B

A

C

D

Answer 1

D — All of the above.

You should save for planned purchases (short-term goals), an emergency fund (3–6 months of expenses), and long‑term wealth building (retirement/investments). Prioritize the emergency fund first, then split savings between short‑term goals and investing, use separate buckets/accounts, and automate contributions.