Part VII speaks to the importance of$$using the best financial strategies in getting rid of debt and saving money.$$Cash accounts are seen as the best location to hold our short term savings and for accumulating your "emergency fund".$$ Since an emergency fund needs$$to be readily available for use, a cash type of an account is the preferred placement. Why should you have a checking "and" savings account?$$How do they help you with starting the saving process?$$How do they assist you in building good credit?$$Why is it a good idea to put any amounts, no matter how small, into a savings account in order to save for investing,$$emergency fund or other goals?$$What is$$a credit report and a credit score?$$What $3$ companies keep a credit$$report on you? What does Credit Karma do$?$How much should you try to put into your savings account each week$/$month$?$ How will you pay off the credit card debt? Explain how you personally plan to implement Step $2.$