New game
Download
SCORM download
To be used in an LMS (Moodle, Blackboard...)
Regular download
To be published on a website or blog.
Downloading games is an exclusive feature for users with an Academic Plan or a Commercial Plan.
Get your Academic Plan or your Commercial Plan now and start integrating your games into your LMS, website or blog.
Get Academic Plan
If you wish, you can download a demo game here and test its integration:
Share game
Slideshow
Slideshow

Level 4. Emergency and Sinking Funds

Integrate it into your platform
G. Classroom M. Teams
You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.
Download
You have exceeded the maximum number of games you can integrate into Google Classroom with your current Plan.

To integrate as many games as you want in Google Classroom, you need an Academic Plan or a Commercial Plan.

Get Academic Plan
You have exceeded the maximum number of games you can integrate into Microsoft Teams with your current Plan.

To integrate as many games as you want in Microsoft Teams, you need an Academic Plan or a Commercial Plan.

Get Academic Plan
Downloading games is an exclusive feature for users with an Academic Plan or a Commercial Plan.

Get your Academic Plan or your Commercial Plan now and start integrating your games into your LMS, website or blog.

If you wish, you can download a demo game here and test its integration:

Get Academic Plan

Level 4. Emergency and Sinking Funds

Slideshow

Played 0
Create copy

About this activity

Learn the difference between emergency funnds and sinking funds and also where to keep them!

Created by

WM
WM
United States

Download the paper version to play

Make your own free game from our game creator
Compete against your friends to see who gets the best score in this game
Make challenge

Top Games

 %
Anonymous
Anonymous
 %
%
%
You have exceeded the maximum number of games you can print with your current Plan.

To print as many games as you want, you need an Academic Plan or a Commercial Plan.

Get Academic Plan
Print your game
Level 4. Emergency and Sinking Funds
 

Level 4. Emergency and Sinking FundsOnline version

Learn the difference between emergency funnds and sinking funds and also where to keep them!

by WM
1

Emergency or Not? Making the Right Money Decisions

Not all savings are the same

  • Some are used for unexpected expenses
  • Some are used for planned expenses
  • Some are used for optional expenses

Knowing the difference helps you decide when to use your savings and which type to use

2

When to Use an Emergency Fund

There are only 3 reasons when an emergency fund should be used:

  • Unexpected expense
  • Necessary expense
  • Urgent expense

Examples:

  • Car breaks down on a road trip
  • Trip to the E.R. after a broken bone
  • Fired/let go from a job
3

When to Use a Sinking Fund

There are several reasons a sinking fund might be used:

  • Expected expense
  • Goals
  • Not urgent

Examples:

  • Family vacation
  • New car
  • Phone repair for a cracked screen
4

Where to Keep These Savings

These funds can be stored in either a traditional savings account, a HYSA, or a combination of both. Here are a few strategies:

Emergency Fund

  • If you have more than $1,000 in emergency fund savings, keep 75% in a HYSA and 25% in a traditional savings account (for quick access and convienience).
  • If you have less than $1,000, keep it all in a traditional savings account

Sinking Fund

  • If you need frequent or quick access to your savings, keep it in a traditional account
  • If the planned expense or goal is more than a few months away or you want to let your money sit and grow, keep it in a HYSA
5

Key Takeaway

  • Not EVERY expense is an emergency
  • PLAN ahead with sinking funds
  • PROTECT yourself with emergency funds
  • Let the funds GROW over time in a HYSA
 
Are you sure you want to leave the page?

If you leave the page, you will lose your game progress.