Budgeting
What's the difference between needs and wants?
A Want is something that makes life more enjoyable, and a Need is something that is essential to your health and security.
***Wants can usually Wait.
***Needs are usually Necessary.
What is the most popular membership card that offers a variety of discounts throughout Europe?
ESN Card
Why is it important to have financial literacy?
Financial literacy is important because it allows individuals to make informed decisions, manage budgets, invest wisely, and navigate various financial aspects crucial for personal well-being
This bank has a partnership with KU Leuven, and offers an investment opportunities
KBC Brussels
What are the two main parts of budgeting?
Income & Expenses
In order to get a student discount for Basic Fit, where should we contact first?
Stuvo
What are some benefits of using credit cards over debit cards?
Credit Cards have cash-back features are credit cards, these schemes increase your purchasing power and as a result, increase your income.
What does ETF stand for?
Exchange traded fund
What is the 50/30/20 budgeting rule and how does it help one budget efficiently?
The 50/30/20 rule helps balance out the wants and needs of an individual.
***50% of income goes to the “needs”;
***30% of income goes to the “wants”
***20% of income goes to savings
What do you call income that is not used; money set aside for future use?
Savings
What type of bonds are generally considered the safest?
Treasury Bonds
How does opportunity cost play a role in budgeting?
Opportunity Cost allows you to decide what’s important and what can be sacrificed to reach your goals.
Where do we get the unlimited train ride ticket for students during the holiday?
SNCB Application
What does it mean to be "efficient" in money management?
Being efficient means being conscious about our money and utilizing it to increase our benefits and maximize our opportunities
What are some benefits of investing in different countries?
Diversification