Spending, Saving Strategies, and Family Planning

Front

What is an example of a good financial goal according to the text? Options: I want to spend less. I want to save $75 extra a month. I want to buy a new car. I want to travel more.

Back

I want to save $75 extra a month.

Front

What should you ideally avoid doing with your savings account?

Back

Taking money out.

Front

What is a suggested way to handle emergencies according to the text?

Back

Have a stash of "Emergency Cash" in your checking account.

Front

What is the purpose of having a clear goal in budgeting?

Back

To create action steps and track progress.

Front

What is the main focus of the "Pay Yourself First" strategy?

Back

Instantly saving from your paycheck.

Front

What is a simple strategy to avoid spending too much money? Options: Keep your credit cards at home, Use cash for all purchases, Set a daily spending limit, Shop online only

Back

Keep your credit cards at home

Front

What is the benefit of not ordering on the same day?

Back

You will avoid impulse purchases

Front

How long should you wait before buying something to avoid impulse purchases?

Back

1-2 days

Front

What is one effect of keeping your credit card at home?

Back

You will spend less money

Front

What does the bank do if you opt out of overdraft?

Back

Declines your card if you try to overdraft.