Money Management

Which of the following is NOT a good way to save money as a student?

• Buying generic brands instead of name brands.

• Eating out frequently with friends.

• Using coupons and discounts.

• Selling old textbooks.

• use credit card frequently

What is the first step in creating a personal budget?

• Tracking your spending for a month.

• Reducing unnecessary expenses.

• Opening a savings account.

• Setting financial goals.

• Using the ATM

Which of the following can help you avoid credit card debt?

• Only using your credit card for emergencies.

• Paying off your balance in full each month.

• Carrying a high balance on your credit card.

• Applying for as many credit cards as possible.

• Using credit card frequently

Why is it important to have an emergency fund as a student?

• To buy the latest gadgets.

• To go on vacation.

• To cover unexpected expenses, like car repairs or medical bills.

• To impress your friends.

• To show off to your friends.

Nearly a third of young adults in a recent study were found to be "financially precarious" because they had ___ ___ ___ (hiểu biết về tài chính kém/ kỹ năng quản lý tiền bạc kém - 3 or 4 words).

Only 22 percent of the 18- to 24-year-olds in the study sample were better at __ __ __ __ __ (lên kế hoạch và quản lý tài chính của họ - 5 words).

Many young people today tend to be __ __ (bấp bênh về mặt tài chính - 2 words) due to their absence/lack of understanding/ knowledge of how to manage their finances.

It is concerning that many young people are entering adulthood without __ __ __ (không đủ năng lực về tài chính - 3 words) to ensure their future well-being and that of their children.

If parents take the time to discuss their income and __ ___ (chi phí sống/sinh hoạt - 2 or 3 words) openly and honestly, their children will be better prepared to manage their finances in the future.

Even though teens may think they know it all, research has found that ___ ___ (các vấn đề về tiền bạc - 2 words) are one area where teens are most assuredly lacking knowledge.