An important rule for establishing a savings plan is to:

Question

Quizplus · Accepted Answer

All of the options listed are important rules for establishing a savings plan. Setting realistic goals helps in tracking progress and staying motivated. Taking advantage of compounding allows for earning interest on both the principal amount and the accumulated interest. Paying oneself first means setting aside a fixed amount for savings before spending on other expenses. Reinvesting any interest income means putting the earnings back into the savings account for further growth. All of these rules together can help in creating a successful and sustainable savings plan.

An Important Rule for Establishing a Savings Plan Is To