Personal Finance
What is a budget?
Answers vary, but in short: a plan for how you will spend and save your money.
False.
Why is this considered to be a "need?"
True or False:
Someone can experience more than one stage of grief at the same time.
True!
What does accountability mean in recovery?
There are many acceptable answers to this question, but one solid example is:
Taking responsibility for choices made during substance use and recognizing their impact on an individual's life and relationships.
How can regular cannabis use affect the teenage brain?
It can interfere with brain development, learning, and memory.
What are some of the main purposes of saving money?
To prepare for future needs or goals; to avoid debt.
Why do some budgeters swear by paying with cash only?
This method can make it easier to avoid debt and stick to a budget. By paying with cash, it gives a visual for how much money is being spent, and makes spending seem more "real," which reduces the tendency to overspend.
What are the 5 stages of grief in order?
Denial, anger, bargaining, depression, acceptance.
What is one reason being honest about experiencing a craving is helpful during recovery?
Possible answers:
1. Cravings can be addressed before they turn into use.
2. Support systems can help individual "urge surf."
Frequent cannabis use in teens is linked to an increased risk for what 3 mental health problems?
Anxiety, depression, and psychosis.
What does “interest” mean when you deposit money into a savings account?
Extra money the bank pays you to keep your money there.
What happens if you regularly spend more money than you earn?
You reduce your savings; you go into debt.
True or False:
People may move back and forth between the stages of grief.
True!
Why is it important for an individual to be completely honest about their DOC and how much they use it?
It helps people get the right support and treatment to be successful in their recovery.
Different substances require different interventions, and a severe SUD needs more rigorous treatment than a mild SUD.
How can cannabis use affect motivation and school performance?
It can reduce motivation, focus, and follow‑through.
What does "interest" mean if you charge something to your credit card?
When you use a credit card, “interest” is the cost of borrowing money.
If you don’t pay the full amount you owe by the due date, the card company charges you interest on the unpaid balance. Think of it as a rent fee for using the bank’s money.
Why should you avoid cash advances?
They often accrue (gather) interest immediately and at higher rates.
Josie is unhappy that she is in an in-patient rehab. Despite being evicted from her apartment over her substance use, Josie figures that if she can convince people that she doesn't really have a problem, then she can get out of residential treatment. What stage of grief could we say Josie is in as she grieves her "old" life and struggles to accept her current circumstance?
Bargaining
What can happen when someone is not honest about their substance use or urges?
Problems often grow and become harder to manage.
What are some possible physical effects of smoking cannabis?
Breathing problems or frequent coughing.
Inhaling any smoke from any substance is harmful, even weed.
A credit card has a 24% APR. What does that mean?
The yearly interest rate your card charges.
For example, if you wanted to determine the cost of interest on a $1000 purchase on a credit card with a 24% APR, and you know you will not be able to repay the $1000 in full by the end of the credit card billing cycle, but you will be able to pay if off in full by the next billing cycle, you could use this equation to figure out the interest you will owe.
Interest=$1000 (purchase)× 365/0.24 (yearly APR) ×30 (billing period) ≈$19.73 (interest due).
What is an "emergency fund" mainly for?
Unexpected "needs," such as car repairs, replacing a stolen laptop needed for school, etc.
Besides for learning how to process losing a loved one, why do we learn about the stages of grief in recovery from SUD?
To apply the stages of grief to the process of accepting that we have a substance use problem. It can also be applied as we "grieve" the "loss" of using a DOC.
Why do you think this is helpful?
Why is accountability important after a relapse or slip?
To learn what happened and plan differently next time.
Why can cannabis be especially risky for adolescents compared to adults?
Because the brain is still developing.
However, it should be noted that there is strong scientific research that suggests that even adults who use cannabis regularly are more likely to experience permanent memory and learning problems. According to Harvard.edu (2022), one study showed that adults who chronically used cannabis displayed "smaller hippocampi (the region of the brain responsible for learning and memory" than non-users or users that used infrequently.