Smart Spending
If you spend more than this amount on an item, you should stop yourself and wait at least a week to think it through.
What is $100?
Banks, credit card companies, and mortgage lenders make billions of dollars off borrowers by charging these two things.
What are fees and interest?
The author warns to avoid these schemes because the only people actually making money off them are the ones selling them.
What are "Get Rich Quick" schemes?
Instead of slacking off, young adults should treat their first few positions as a place where they are getting paid to do this.
What is learn?
You should set up one of these essential safety nets in case of sudden unexpected expenses like medical bills or emergency trips.
What is an emergency fund?
Doing this with your money physically helps you feel the impact of spending far more than swiping a credit card.
What is using cash?
The single most important habit for maintaining a high FICO score and good credit rating.
What is paying your bills on time?
These professionally managed collections of stocks offer a simple way for young people to invest without buying individual stocks.
What are Index Mutual Funds?
While spoken agreements are legally binding, you should always insist on this type of agreement because it is much easier to enforce.
What is a written agreement?
When renting an apartment, your monthly rent should not surpass this percentage of your total gross income.
What is 25%?
Switching to these store-brand grocery items can save you between 30% and 50% without sacrificing quality.
What are generic groceries?
When paying off multiple debts, this strategy suggests paying off this type of debt first to build momentum and feel better.
What is the smallest debt with the highest interest?
Spreading your money across different investments so your portfolio doesn't collapse if one stock crashes.
What is diversification?
Bringing your own lunch from home instead of eating out regularly can save you at least this much money.
What is $200+
Reading this booklet that comes with your vehicle can save you hundreds of dollars in proper maintenance.
What is the car manual?
This financial strategy ensures you will always have extra money left over to save and invest over time.
What is living below your means?
Taking out $160,000 for a 4-year degree can end up costing up to this amount over a lifetime in repayments.
What is $300,000?
Contributions to this workplace investment plan come straight out of your paycheck pre-tax, and many employers will match a percentage of what you put in.
What is a 401(k)?
You should always read every line of these binding documents yourself instead of asking someone else if there's anything important in them.
What are contracts?
Spending just this amount of time each week learning about personal finance puts you far ahead of most adults.
What is one hour?
Never accept a listed price right away instead, ask questions, research facts, and use this technique to get a better deal.
What is negotiation?
When getting out of debt, you should throw away all of your credit cards except for this many, kept strictly for emergencies.
What is one?
If you put $10,000 into an account earning 5% annual interest for 5 years, you will end up with this total amount.
What is $12,762?
According to the script, these "3 P's" will ensure you stay stable and never get fired from your job.
What are Passion, Politeness, and Persistence?
Unhealthy habits like vaping or smoking can cost the average person between this dollar range every single year.
What is $2,000 to $5,000?