BUDGETING PRIORITIES
Your phone bill is due and costs $25. You also saw shoes on sale for $20 that you really like. What should come first?
Pay the phone bill - your phone helps with safety, job searching, and staying connected. A sale is tempting, but bills keep your life running.
You have $15. You need a $10 bus pass to get to a job interview, but you’re hungry and snacks cost $5.
Do you have enough for both?
That looks like you can afford both. But there’s a catch… taxes can make your $5 snack cost more than $5, which could push you over your $15 limit. When budgeting, always round up or leave a little cushion for taxes and surprises, and focus on needs that lead to long-term benefits, like getting to a job interview.
If you need help, you can use this to call your family, supports, 988, or 911.
Cell Phone - Keeping your phone on can be one of the most important expenses. It helps you stay safe, supported, and connected to opportunities like appointments or emergency services.
You have $10. You need to get to an appointment, and the bus costs $2 each way. A friend offers a ride for $10. Which is the better choice?
Taking the bus - the bus gets you there and back for just $4, and you’ll still have $6 left. Saving money where you can gives you more options later.
You have $15. Your prescription is $12, and you also want to buy extra groceries. Do you have enough?
No - not for both. Medicine is a health need. If you skip it, you may get sicker and end up needing expensive care. Health first, then plan your meals with what’s left.
This will help you see if the power goes out.
A flashlight - beneficial because it helps you stay safe and prepared if the power goes out, especially when you might not have money for immediate repairs or to stay somewhere else. It’s a small, low-cost tool that can keep you from getting hurt in the dark and help you manage until the power is restored. It also saves you from potential accidents, which could result in unexpected costs like medical bills.
You have $15 for the week. A friend asks to borrow $10, but you also need to buy laundry soap and toilet paper. What do you do?
Buy laundry soap and toilet paper. Take care of your own needs first. It’s okay to say no when your money is limited. Essentials like hygiene come first. You can’t help others if your needs aren’t met.
You have $3, and you're thirsty. Bottled water costs $1, soda is $2.50. Do you have enough for either?
Yes, for either, but water is the better choice. Water is healthier and cheaper. Choosing low-cost, healthy options helps your money go farther and supports your health.
You might need this if water becomes contaminated or gets shut off.
Bottled Water - it provides a reliable source of drinking water if your tap water becomes contaminated or gets shut off, helping you avoid more expensive alternatives like buying drinks or relying on takeout. It can also prevent you from having to spend on medical costs due to dehydration or illness from unsafe water.
Name at least 5 basic items that are essentials for living in your apartment/house/home?
Fridge, Stove/Oven, Sink, Toilet, Shower, Heat, A/C, Washer/Dryer, etc.
You have $40. Internet services for the month costs $30, and snacks at the store are $15. Do you have enough?
No - that adds up to $45. If you're job searching, taking classes, or using online services, internet is a valuable tool. It’s better to cut back on snacks than lose access to online resources.
What emergency item can keep you informed during power outages or weather emergencies without needing electricity or internet?
Battery-powered radio (NOAA). By having this item, you can access important information for free, allowing you to make informed decisions.
You saved $40 for emergencies. Now your favorite store is having a one-day sale, and everything is 50% off. Should you use the money to shop?
No - keep the emergency money saved. Emergency savings are for things you need in a crisis, like food, medicine, or a bus pass. Sales come and go — your peace of mind is more valuable.
You have $100 saved up. You want to go camping over the weekend for 2 nights, but the campground and food in total costs $40 per night. Can you afford this trip?
Yes, you can afford the trip. The campground and food will cost you a total of $80 for 2 nights, which is less than the $100 you have saved. This is an affordable option that allows you to enjoy a nature filled outdoor weekend without overspending.
What type of food can you store for a long time, so you’re prepared when money is tight, or food is hard to find?
A) Takeout meals
B) Non-perishable food
C) Frozen meals
C. Non-perishable food
It is beneficial because it lets you have meals even when money is tight or food is hard to get. It saves you from having to buy expensive fast food or rely on others, helping you stretch your budget during emergencies.