Emergency Funds

Watch Elizabeth White’s TED Talk by clicking the following link. Captioning and transcripts are available at the link.
https://www.ted.com/talks/elizabeth_white_an_honest_look_at_the_personal_finance_crisis
Write a paragraph summarizing your thoughts about Elizabeth White’s TED Talk.

Find two current (within the last six months) magazine or news articles about emergency funds. Write a single paragraph summarizing the information from these articles. Address each of the following questions. What is a situation that may arise that would require the use of your emergency fund? What are three benefits of having an emergency fund that would support you for three to six months? What is one difficulty of setting up your emergency fund?

Use a formula from the Financial Literacy Unit and the amount you put aside for savings each month according to your budget to determine how long it would take you to save $1000 in an account that earns 3% interest compounded monthly.

Use a formula from the Financial Literacy Unit and the amount you put aside for savings each month according to your budget to determine how long it would take you to save enough to cover six months worth of expenses according to your budget in the same account.

Write a paragraph that includes this information and your thoughts on the length of time required to achieve these goals.

Part 6: Putting it all together (two additional paragraphs and a bibliography)

Write an introduction and a conclusion tying everything together.

Sample Solution

ACED ESSAYS