Financial Fitness Challenge
What is an example of a good financial challenge you can set for yourself.
Ex:
Create a budget
Try a no- spend week.
What are smart Spending habit?
Ex:
Ask do I really need this?
Compare Prices
Why is it important?
So that your not broke, and have money for important things.
So the have money for the things they need.
How many legs does a cat have?
4
In this popular money challenge, you commit to spending money only on necessities for a set time—like a week or a month—to save extra cash.
What is a no-spend challenge?
Before making a purchase, financially smart people ask themselves if the item is one of these two things—one is essential, the other is just nice to have.
What is a need or a want?
Being financially fit means knowing how to budget, save, and spend wisely. This type of plan helps track income and expenses to avoid overspending.
What is a budget?
This type of savings account is often used for big future expenses like college or a car. What is a ______?
What is a savings account?
How many planets are in our solar system?
8 planets.
In this year-long challenge, you start by saving just $1 in the first week and increase the amount by $1 each week. By the end of the year, you'll have saved this much money.
What is $1,378?
Smart shoppers use this strategy to check prices at different stores or websites before buying something, ensuring they get the best deal.
What is price comparison?
If you use this type of card recklessly and don’t pay off the full balance each month, you could end up in serious debt due to high interest rates.
What is a credit card?
Experts recommend having 3-6 months' worth of expenses saved in case of unexpected events, like losing a job or a sudden medical bill. What is this type of fund called?
What is an emergency fund?
What is your favorite thing about FCCLA, and Why?
Any response is correct!
This challenge helps control spending by using only this form of payment for a set period, making you more aware of how much money you have left.
What is cash?
Marketers use flashy signs, limited-time deals, and checkout-line temptations to make customers do this—buy something without thinking it through.
What is an impulse purchase?
Starting to save early for big goals, like a car or college, takes advantage of this financial concept, where money grows over time due to interest.
What is compound interest?
If you save money instead of buying a $5 coffee every day, in one year you could have saved this much money.
What is around $1,825?
Any response is correct!
In this challenge, you must wait this many hours (or more) before making a non-essential purchase to avoid impulse buying.
What is 24 hours?
Many stores offer these special price reductions for students, meaning you can save money just by showing your school ID.
What are student discounts?
Being financially fit helps reduce this negative emotion, which often comes from not having enough money to cover expenses.
What is stress?
Some banks and employers offer this kind of financial incentive, where they add extra money to your savings or retirement account just for saving on your own.
What is interest or an employer match?
What is 1.3958574 x 2.3387957?
3.26462528