Chapter 2 Making Smart Decisions 67
Review Your Knowledge
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3. What are liquid assets?
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6. What strategy do many young, unmarried adults use to help control
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7. What stage of the family life cycle life is often characterized by job
advancement, rising income, increasing responsibilities, and the birth or
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9. What amount of money is recommended for an emergency fund?
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crisis?
Apply Your Knowledge
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12. What are the advantages of beginning savings and investment programs
at an early age?
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before moving in together?
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couples with children?
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money management and lifestyles.
19. How do the demographics of your community affect your family’s
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