Smart Money Habits

How much money should you have in an emergency fund?

Your checking account balance is running low, and you're not sure whether you've overdrawn. Should you have overdraft protection on your account?

At what age should you start saving for retirement?

True or False: You need to buy a new outfit for a wedding you're attending next month. This expense should be included in your monthly budget.

What percentage of your paycheck should you contribute to your 401(k)?

You've just signed a lease on your first apartment- congrats! How much of your budget should you be putting toward your housing costs?

As a new investor, you are uncomfortable with investments you can't easily monitor and track. Which investment vehicle will give you the most transparency?

You've just received your first paycheck at a new job- and not a moment too soon! You have a mountain of student debt, a maxed-out credit card and no emergency savings cushion. What do you address first?

You just graduated college and are getting the hang of a new budget. To have some extra money in your paycheck each month, you opt to not contribute to your workplace 401(k). Is that a good idea?

If you are a conservative investor, which of these likely would not be in your portfolio?