Personal Finance Concepts and Misconceptions

 What percentage of Americans live paycheck to paycheck?

• 25%

• 40%

• 63%

• 78%

True or False: Using a credit card means you're spending money you already have.

• True

• False

What should an emergency fund be used for?

• Going out with friends

• Unexpected expenses like car repairs

• Shopping

• Last-minute trips

True or False: Budgeting means you can't have any fun.

• True

• False

A friend invites you out, but you're on a tight budget. What’s a good response?

• Go anyway and stress later

• Be honest and suggest a cheaper plan

• Ask to borrow money

• Ignore the invite

If you get a $1,000 refund from financial aid, what's a smart first step?

• Go on a shopping spree

• Buy gifts for your sisters

• Book a flight

• Save some for emergencies or rent

True or False: You should never talk about money with your friends.

• False

• True

Which is the best example of a financial boundary?

• “I can’t go out tonight—budget’s tight.”

• “I’ll just charge it.”

• “Can someone spot me again?”

• “YOLO!”

Ask for Help with Finances
OR
Try to Figure It Out Alone

• Ask for Help with Finances

• Try to Figure It Out Alone

Saving for Big Goals (Spring Break, New Laptop)
OR
Spending for Little Joys (Snacks, Nails, Starbucks)

• Spending for Little Joys

• Saving for Big Goals