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Long-term savings strategies include: oa lon oc op setting aside money for an emergency. making a household budget each month. investing money in a 401(k) plan. ‘opening up a low-interest savings account.

User Mireumireu
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1 Answer

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Final answer:

Long-term savings strategies include setting aside money for emergencies, making a household budget, investing in a 401(k) plan, and opening a low-interest savings account.

Step-by-step explanation:

Long-term savings strategies include:

  1. Setting aside money for an emergency: It is important to have a financial cushion to cover unexpected expenses or job loss.
  2. Making a household budget each month: Creating a budget helps track income and expenses, ensuring savings goals are met.
  3. Investing money in a 401(k) plan: A 401(k) plan allows individuals to save for retirement, taking advantage of tax benefits and employer matching contributions.
  4. Opening up a low-interest savings account: A low-interest savings account provides a safe place to store and grow savings over time.

User Nrc
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