Savings_2.10.key - FCE 239 Savings Outline Why savings?...

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FCE 239 Savings/Safety Savings Outline • Why savings? • Terms • Time Value of Money • Features – Checking – Money Market Accounts – Certificates of Deposit • Laddering of CD’s • Savings Bonds Savings A. Paying o ! debt is a form of savings! B. Pay yourself FIRST! $ Bills Bills $ ! This Not This " Concepts for Discussion LIQUIDITY SAFETY/RISK FDIC, NCUA, FSLIC APR vs APY Return Risk FDIC Protection/Insurance Individual Joint Retirement $250,000* $250,000* $250,000* * until January 1, 2013
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This note was uploaded on 03/24/2010 for the course FCE 238 taught by Professor Boyce during the Spring '07 term at Michigan State University.

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Savings_2.10.key - FCE 239 Savings Outline Why savings?...

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