Financial Planner

What are utilities? Select all the answers that apply.

• Water

• Electricity

• Netlflix Subscription

• Gas

When you take out a loan for a car, university/trades school, home, etc, what do you have?

• income

• Lots of cool stuff

• debt

Answer explanation

Anytime you have to borrow money to buy something, that is a debt!

What do you purchase to help yourself be financially prepared for illness, disability, theft, car wrecks, house fires, etc?

• budgeting app

• stocks

• insurance

Answer explanation

There is insurance for EVERYTHING. People whose lives depend on the use of their limbs (fingers and arms for a cellist, or legs and arms for a ballerina) will insure their limbs for millions of dollars in the event of disability or harm.

What kinds of things does your emergency (fudge) money cover? Select all that apply.

• A Hawaiian Vacation

• Someone slashed all your tires and you need new ones.

• FIFA Tickets

• You broke your leg and you're not able to work for 2 months.

Answer explanation

If you have disability insurance, you would not have to worry about temporary income loss!

What are some universal needs, fixed, monthly expenses?

• Cell Phone Bill

• Hulu Subscription

• Gas Expenses

• Utilities (gas, water, electricity)

• Grocery Expenses

What are some examples of "fun" expenses?

Money you earn, money that you're gifted, or stipends are all examples of:

• expenses

• income

After all bills are paid at the end of the month, you should have a _______________.

• shortage

• a little money leftover

• big house party

• surplus

What is a good way to avoid a shortage at the end of the month? Select all that apply.

• increase income, by picking up extra shifts or a second job

• Use your credit card to purchase high priority needs at the end of the month.

• Track expenses, and cut out unnecessary purchases

• Create a budget

Does money solve all problems? Why or why not?