Personal Finance Basics
What is the first step in creating a budget?
Tracking your income and expenses
In WRAP, what does the “daily maintenance plan” describe?
What you’re like when well, what you must do daily, and what helps maintain wellness
What kind of boundary involves protecting your emotions and mental health?
Emotional boundary
What phrase reminds us to focus on manageable steps instead of the whole future?
“One day at a time”
What kind of resource helps with meals when money is tight?
→ Food bank / pantry
What’s one advantage of paying bills on time every month?
Builds credit, avoids late fees, reduces stress
Name two examples of wellness tools that can be added to a WRAP.
Mindfulness, journaling, exercise, affirmations, calling a support person
Give one example of a “rigid” boundary and why it might not be healthy.
Never asking for help; shuts out connection and support.
Give one reason boredom can be a challenge in recovery.
Creates space for negative thoughts or risky choices
Name one way public libraries can support recovery or life skills.
Free internet, job searching, quiet space, workshops
If you earn $1,200 and spend $1,000, what’s your savings rate in dollars?
$200 saved
Why is it important to identify how you look and feel when you’re well?
So you can recognize early warning signs when things change
How can you tell the difference between helping and enabling?
Helping supports independence; enabling prevents accountability or growth.
What is one way resilience is built through facing setbacks?
Learning coping strategies, building confidence, or strengthening problem-solving
What kind of identification is often required to apply for food or housing assistance?
Government ID (driver’s license, state ID, etc.)
OR (No ID? /EBT / Medicaid Info)
What’s one strategy to reduce impulse spending?
Waiting 24 hours before purchases, shopping with a list, avoiding triggers
If you only have 15 minutes for wellness, what’s one “high-impact” activity you could choose?
Any of these; meditation, stretching, quick walk, gratitude journaling. (this could change from person to person though!)
Why might boundary setting feel uncomfortable at first?
Fear of conflict, rejection, or disappointing others
True or False: Resilience means you don’t experience stress or hardship.
False
Why might connecting with outside care providers strengthen your recovery plan?
Brings professional support, accountability, and guidance
Why might an emergency fund be more important for someone in early recovery or transition?
It provides stability when unexpected stressors occur, reducing risk of crisis
What is one long-term benefit of consistently reviewing and updating your WRAP?
It evolves with your needs and strengthens resilience over time.
In one sentence, describe how setting boundaries can actually improve relationships.
It builds mutual respect, honesty, and healthier communication
Name two personal strengths that can support resilience in recovery.
Examples: persistence, humor, creativity, support networks, faith
If someone is nervous to use a new community resource, what’s one strategy to reduce the barrier?
Bring a support person, call ahead, or gather information online first