How did you do? You answered [WLQuiz_Total_Correct_Answers name=Saving More and Spending Less map Q2: Check Your Understanding: id=28] out of [WLQuiz_Total_Questions name=SSaving More and Spending Less map Q2: Check Your Understanding: id=28] questions correctly. See the correct answers to each question below:

1) If you’re not saving anything right now, what percentage of your income should you start putting away?
Correct Answer: 2%

2) When should you increase your savings?
Correct Answer: Every time you get a raise at work.

3) A local bank, credit union and online bank are all likely to give you equal interest rates.
Correct Answer: False

Proceed to Next Lecture