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1.
One type of mid-term savings vehicle you can use to meet a mid-term savings goal is a(n) _______.
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Balanced mutual fund. You can use this to meet a mid-term savings goal.
2.
You can set up an automatic investment plan with a state college savings plan to help save for a childs college education.
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True. Setting up an automatic investment plan with a state college savings plan will help fund a childs college education.
3.
To fully fund an emergency fund, you need to save at least _______ months of living expenses.
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Three to six. To fully fund an emergency fund, you need to save at least this much -- some advisors suggest even more.
4.
As you grow older, your savings goal may ________.
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Change. As you grow older, your savings goals are likely to change.
5.
What is one mid-term savings goal?
Choose wisely. There is only one correct answer.
Buying a new car. Buying a new car is a mid-term savings goal.