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FAQs on PPT: Money - Mathematics for Class 2

1. What are some common ways to save money?
Ans. Some common ways to save money include setting a budget, cutting unnecessary expenses, negotiating bills, using coupons, and automating savings.
2. How can I start investing with a small amount of money?
Ans. You can start investing with a small amount of money by researching low-cost investment options like index funds or robo-advisors, setting clear investment goals, and gradually increasing your investment amount over time.
3. What are some tips for managing credit card debt effectively?
Ans. Tips for managing credit card debt effectively include paying more than the minimum payment, prioritizing high-interest debt first, negotiating a lower interest rate, and avoiding taking on more debt while paying off existing balances.
4. How can I improve my credit score?
Ans. You can improve your credit score by paying bills on time, keeping credit card balances low, limiting the number of new credit applications, checking your credit report regularly for errors, and using credit responsibly.
5. Is it important to have an emergency fund?
Ans. Yes, having an emergency fund is important to cover unexpected expenses like medical bills, car repairs, or job loss without going into debt. Experts recommend having 3-6 months' worth of living expenses saved in an emergency fund.
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