PERSONAL FINANCE NOTE: SAVING AND INVESTING WISELY Before You Invest • Set clear goals for travel, study, or retirement. • First, (7) __________ enough money for emergencies instead of locking all your income into long-term plans. • A surprisingly large (8) __________ of young earners now track every monthly expense. Balancing Risk • Safer choices usually offer lower returns, while shares and funds may be more (9) __________ in the short term. • (10) __________ higher living costs, regular saving has become more difficult for many households. Keeping a Plan • Of the two accounts described here, one is designed for daily use; (11) __________ is intended for longer-term goals. • Good results often depend on patience, discipline, and a clear sense of financial (12) __________. Question 7: A. draw on B. set aside C. take on D. hold back Question 8: A. number B. quantity C. amount D. series Question 9: A. secure B. balanced C. liquid D. volatile Question 10: A. In step with B. In place of C. In the face of D. In favour of Question 11: A. another B. others C. the others D. the other Question 12: A. direction B. address C. region D. posture | 