True or False
Your budget should look the same as your friends budget
FALSE
Your budget should be unique to you!
The brand new iPhone that you've been wanting just came out, do you buy it?
A. Ask a friend what they think
B. Sure, why not?
C. Add it into "like to have" category
D. Set aside separate savings specifically for the phone
C. Add it into "like to have" category
How do you prioritize your spending between your wants and needs?
By creating a budget.
This yellow sponge lives under the sea
Spongebob Squarepants!
If you have debt, paying it off should be your priority
TRUE
You can reduce the amount of interest paid overtime. It can help improve your credit score. Once your debt is paid, you can focus fully on saving and other financial goals.
1.Organize your debt
2. Choose a method that will work best for you
You graduate from college with a huge debt, what should you do?
A. Make it a priority
B. Ignore it
C. Pay it off a little at a time
D. Pay it off when you are financially healthy
A. Make it a priority
Debt should be a priority to avoid having to pay interest and to improve your credit score.
Eating out Vs Cooking? What is the best financial choice?
Cooking!
This “King of Pop” sang Thriller
Who is Michael Jackson?
A budget isn't for everyone
FALSE
Budgets can be helpful for everyone, no matter the amount of money you have
You find your budget boring and you no longer want to do it, what should you do?
A. Quit budgeting
B. Keep using that same method
C. Copy your friends budget
D. Find a way to change your budget
D. Find a way to change your budget
New things can be exciting and not as boring, so finding a way to change your budget can keep it interesting!
Is hair and nails a need or a want?
Want!
This large body of water covers most of the Earth
What is the ocean?
A good budget is strict
FALSE
The more restrictive you are, the more likely you’ll rebel
You have a terrible memory and can't keep track of your budget, what should you do?
A. Get an app
B. Write it down somewhere
C. Hope you remember it
D. Quit budgeting
A. Get an app or B. Write it down somewhere
Apps are helpful for keeping track of all your spending, so is writing information down about your spending!
Is paying the Wifi bill a need or a want?
Need
This planet is known as the “Red Planet.”
What is Mars?
You can't have fun on a budget
FALSE
You can definitely still have fun on a budget!
What do you do if you have more money in 1 month than the other months?
A. Put the extra money into savings
B. Reward yourself
C. Adjust your spending categories to reflect said amount
C. Adjust your spending categories to reflect said amount
Is spending money on expensive hobbies or leisure activities a need or want?
Want
This tree produces acorns.
What is an oak tree?